Insider Selling: LSI Industries (NASDAQ:LYTS) CFO Sells $3,317,479.62 in Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 136,578 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $3,317,479.62. Following the completion of the transaction, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at approximately $4,209,165.52. This trade represents a 44.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

LSI Industries Trading Down 0.5%

Shares of LSI Industries stock traded down $0.13 on Monday, hitting $24.10. 564,238 shares of the company’s stock traded hands, compared to its average volume of 318,448. The company has a fifty day moving average of $21.45 and a two-hundred day moving average of $20.46. LSI Industries Inc. has a one year low of $15.92 and a one year high of $24.99. The company has a market capitalization of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86.

LSI Industries (NASDAQ:LYTS) last issued its earnings results 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 business had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. LSI Industries had a return on equity of 8.90% and a net margin of 3.91%. As a group, sell-side analysts expect that LSI Industries Inc. will post 0.81 earnings per share for the current year.

LSI Industries Dividend Announcement

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

Institutional Investors Weigh In On LSI Industries

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, LSI Industries currently has an average rating of “Moderate Buy” and a consensus 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.