LSI Industries Inc. (LYTS) to Issue Quarterly Dividend of $0.05 on November 24th

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.05 per share by the construction company on Tuesday, November 24th. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, November 16th.

LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.0%.

LSI Industries Trading Down 3.3%

NASDAQ:LYTS opened at $17.20 on Friday. The company’s 50 day moving average is $20.25 and its 200-day moving average is $21.99. The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 0.68. The firm has a market cap of $641.73 million, a price-to-earnings ratio of 27.30 and a beta of 0.54. LSI Industries has a 12 month low of $16.83 and a 12 month high of $27.36.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, November 5th. The construction company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.12). The company had revenue of $225.85 million during the quarter, compared to the consensus estimate of $225.00 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. Equities analysts anticipate that LSI Industries will post 0.82 EPS for the current year.

Insider Buying and Selling at LSI Industries

In related news, CFO James Galeese sold 8,269 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $166,124.21. Following the completion of the transaction, the chief financial officer owned 190,740 shares in the company, valued at approximately $3,831,966.60. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas Caneris sold 5,560 shares of LSI Industries stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $111,700.40. Following the completion of the transaction, the executive vice president owned 76,279 shares in the company, valued at $1,532,445.11. This represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 96,345 shares of company stock worth $1,928,267. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. North Star Investment Management Corp. increased its position in LSI Industries by 0.9% during the third quarter. North Star Investment Management Corp. now owns 185,193 shares of the construction company’s stock worth $3,843,000 after acquiring an additional 1,730 shares during the period. Annex Advisory Services LLC increased its holdings in LSI Industries by 11.9% in the third quarter. Annex Advisory Services LLC now owns 97,958 shares of the construction company’s stock valued at $2,033,000 after purchasing an additional 10,431 shares during the period. Arizona State Retirement System acquired a new stake in shares of LSI Industries in the 2nd quarter worth about $242,000. Ameritas Advisory Services LLC purchased a new position in LSI Industries in the 2nd quarter valued at approximately $31,000. Finally, AXQ Capital LP raised its position in LSI Industries by 117.7% in the 2nd quarter. AXQ Capital LP now owns 24,007 shares of the construction company’s stock worth $638,000 after purchasing an additional 12,979 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Company Profile

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.