Thomas Caneris Sells 5,560 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 5,560 shares of the company’s stock in a transaction that occurred 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 directly owned 76,279 shares in the company, valued at $1,532,445.11. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

LSI Industries Stock Performance

Shares of NASDAQ LYTS traded down $0.38 during trading hours on Wednesday, reaching $20.27. 495,662 shares of the stock were exchanged, compared to its average volume of 350,959. The firm has a market capitalization of $744.11 million, a price-to-earnings ratio of 30.25 and a beta of 0.56. The stock’s fifty day simple moving average is $24.40 and its 200 day simple moving average is $22.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries Inc. has a 52 week low of $17.20 and a 52 week high of $27.36.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%.The business had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. Sell-side analysts predict that LSI Industries Inc. will post 1.18 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. LSI Industries’s dividend payout ratio (DPR) is currently 29.85%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LYTS shares. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Oppenheimer dropped their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 21st. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a report on Friday, August 21st. Finally, HC Wainwright restated a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Key LSI Industries News

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: HC Wainwright maintained its “Buy” rating and raised its EPS forecasts for fiscal 2028 to $1.55 from $1.52, fiscal 2029 to $2.04 from $1.96, and fiscal 2030 to $2.54 from $2.45. The firm projects EPS could reach $3.16 by fiscal 2031, compared with the current-year consensus of $1.18, supporting the growth thesis for LSI Industries.
• Positive Sentiment: Insider buying provides a confidence signal: Director Ernest Marshall Jr. purchased 2,000 shares at $19.73, increasing his position by 7.51%. Insider Buying: LSI Industries Director Buys 2,000 Shares
• Positive Sentiment: Recent results beat expectations: LSI Industries reported quarterly EPS of $0.38 versus the $0.35 consensus and revenue of $234.62 million versus estimates of $222.78 million. The earnings call characterized the past year as transformational, potentially reinforcing confidence in the company’s strategic progress. LSI Industries Earnings Call Highlights Transformational Year
• Neutral Sentiment: Shareholder returns remain modest: The company declared a quarterly dividend of $0.05, or $0.20 annually, representing an approximately 1% yield and a payout ratio near 30%.
• Neutral Sentiment: Short-interest data offers little insight: Reported short interest was zero shares, so there is no meaningful short-covering or short-squeeze factor affecting the stock.
• Negative Sentiment: Mixed analyst signals and technical weakness may be weighing on sentiment: Oppenheimer reduced its price target to $29 from $30, while some firms maintain Hold ratings. LYTS is also trading below both its 50-day and 200-day moving averages, indicating near-term selling pressure despite the longer-term earnings optimism.

Hedge Funds Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LYTS. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 during the period. Rockefeller Capital Management L.P. increased its position in shares of LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after purchasing an additional 625 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of LSI Industries in the second quarter worth $31,000. Strs Ohio acquired a new position in LSI Industries in the first quarter valued at about $34,000. Finally, New York State Teachers Retirement System acquired a new position in LSI Industries in the fourth quarter valued at about $36,000. 73.91% of the stock is owned by institutional investors and hedge funds.

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.