LSI Industries (NASDAQ:LYTS) Director Sells $249,789.21 in Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Wilfred Ogara sold 10,369 shares of LSI Industries stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the sale, the director owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

LSI Industries Trading Down 0.5%

Shares of NASDAQ LYTS traded down $0.13 during mid-day trading on Monday, reaching $24.10. The company had a trading volume of 564,238 shares, compared to its average volume of 318,448. The business’s 50-day moving average is $21.45 and its 200-day moving average is $20.46. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market cap of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53. LSI Industries Inc. has a 52 week low of $15.92 and a 52 week high of $24.99.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). The company had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. Equities analysts expect that LSI Industries Inc. will post 0.81 earnings per share for the current year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s payout ratio is currently 26.67%.

Institutional Trading of LSI Industries

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in LSI Industries by 205.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after acquiring an additional 625 shares in the last quarter. Strs Ohio bought a new position in shares of LSI Industries in the 1st quarter worth $34,000. New York State Teachers Retirement System purchased a new stake in shares of LSI Industries during the 4th quarter worth $36,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of LSI Industries during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

LYTS has been the topic of several research analyst reports. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, LSI Industries has a consensus rating of “Moderate Buy” and an average target price of $28.33.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.