Thrivent Financial for Lutherans Invests $10.29 Million in LSI Industries Inc. $LYTS

Thrivent Financial for Lutherans purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the third quarter, Holdings Channel reports. The institutional investor purchased 435,728 shares of the construction company’s stock, valued at approximately $10,288,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in LSI Industries by 11.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after purchasing an additional 635 shares in the last quarter. BNP Paribas Financial Markets grew 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 worth $69,000 after purchasing an additional 736 shares during the last quarter. Johnson Investment Counsel Inc. grew its holdings in shares of LSI Industries by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock worth $2,005,000 after purchasing an additional 1,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $292,000 after buying an additional 1,113 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its holdings in LSI Industries by 8.6% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 19,311 shares of the construction company’s stock valued at $456,000 after buying an additional 1,525 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS opened at $22.28 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.36 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $19.60 and its two-hundred day simple moving average is $20.60. LSI Industries Inc. has a 12 month low of $13.77 and a 12 month high of $24.75. The stock has a market capitalization of $692.69 million, a P/E ratio of 27.17 and a beta of 0.20.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 22nd. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. LSI Industries had a return on equity of 11.10% and a net margin of 4.34%.The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $140.11 million. As a group, analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

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

Analyst Ratings Changes

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

LSI Industries 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.