LSI Industries Inc. $LYTS Stock Position Increased by Royce & Associates LP

Royce & Associates LP grew its position in LSI Industries Inc. (NASDAQ:LYTS) by 50.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,045,225 shares of the construction company’s stock after buying an additional 348,598 shares during the period. Royce & Associates LP’s holdings in LSI Industries were worth $24,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LYTS. State of Alaska Department of Revenue acquired a new stake in LSI Industries in the 3rd quarter valued at approximately $38,000. Strs Ohio bought a new position in shares of LSI Industries in the first quarter worth $34,000. EverSource Wealth Advisors LLC acquired a new position in shares of LSI Industries during the second quarter valued at $47,000. BNP Paribas Financial Markets increased its holdings in shares of LSI Industries by 22.0% during the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock valued at $69,000 after purchasing an additional 736 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of LSI Industries by 141.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock valued at $74,000 after purchasing an additional 2,555 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LYTS. Zacks Research cut shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research note on Tuesday, January 27th. Wall Street Zen upgraded LSI Industries from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $28.33.

LSI Industries Price Performance

NASDAQ LYTS opened at $21.62 on Monday. The stock has a market capitalization of $673.03 million, a P/E ratio of 26.37 and a beta of 0.22. LSI Industries Inc. has a 1 year low of $13.77 and a 1 year high of $24.75. The business’s fifty day moving average is $20.78 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The business had revenue of $147.00 million during the quarter, compared to analyst estimates of $140.11 million. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%. On average, research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, February 2nd. LSI Industries’s payout ratio is presently 24.39%.

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.