LSI Industries Inc. $LYTS Shares Bought by Royce & Associates LP

Royce & Associates LP raised its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 16.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,216,349 shares of the construction company’s stock after purchasing an additional 171,124 shares during the quarter. Royce & Associates LP owned 3.91% of LSI Industries worth $22,284,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LYTS. AQR Capital Management LLC grew its stake in LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LSI Industries by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after buying an additional 1,113 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of LSI Industries in the first quarter worth about $560,000. Strs Ohio purchased a new stake in shares of LSI Industries in the first quarter worth about $34,000. Finally, Quantbot Technologies LP boosted its stake in shares of LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after buying an additional 3,206 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LYTS. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a report on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LSI Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

LSI Industries Price Performance

NASDAQ:LYTS opened at $24.14 on Wednesday. LSI Industries Inc. has a 52 week low of $15.61 and a 52 week high of $24.99. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $886.18 million, a P/E ratio of 32.19 and a beta of 0.54. The stock’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.36.

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

LSI Industries Announces Dividend

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

About LSI Industries

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.