LSI Industries Inc. (NASDAQ:LYTS) Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC grew its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,127 shares of the construction company’s stock after purchasing an additional 2,380 shares during the quarter. Annex Advisory Services LLC’s holdings in LSI Industries were worth $2,365,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in shares of LSI Industries by 24.1% during the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares in the last quarter. Bleakley Financial Group LLC raised its stake in LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after purchasing an additional 24,096 shares during the period. Savant Capital LLC acquired a new position in shares of LSI Industries in the fourth quarter worth $368,000. Allspring Global Investments Holdings LLC boosted its holdings in LSI Industries by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its holdings in LSI Industries by 13.9% in the fourth quarter. Navellier & Associates Inc. now owns 31,064 shares of the construction company’s stock worth $603,000 after purchasing an additional 3,785 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Up 0.2%

Shares of LYTS opened at $16.29 on Thursday. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The stock has a market capitalization of $487.41 million, a price-to-earnings ratio of 21.16 and a beta of 0.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The stock has a fifty day moving average of $15.92 and a 200-day moving average of $18.26.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The business had revenue of $132.48 million during the quarter, compared to analyst estimates of $129.72 million. As a group, sell-side analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. LSI Industries’s dividend payout ratio (DPR) is currently 27.78%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research note on Friday, April 25th. Finally, Canaccord Genuity Group reduced their target price on LSI Industries from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, April 25th.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.