LSI Industries Inc. (LYTS) To Go Ex-Dividend on November 17th

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.05 per share by the construction company on Tuesday, November 25th. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 17th.

LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 19.8%.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $19.44 on Friday. LSI Industries has a one year low of $13.77 and a one year high of $25.50. The company has a market capitalization of $594.24 million, a PE ratio of 24.61 and a beta of 0.25. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.17 and a current ratio of 1.99. The stock has a fifty day moving average of $22.88 and a 200-day moving average of $19.29.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $97.02 million during the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%. As a group, equities analysts anticipate that LSI Industries will post 0.7 EPS for the current fiscal year.

Insider Buying and Selling at LSI Industries

In related news, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $613,858.76. Following the completion of the sale, the chief executive officer directly owned 421,313 shares in the company, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James E. Galeese sold 54,575 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the completion of the transaction, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,035,877.52. The trade was a 23.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 94,780 shares of company stock valued at $2,198,983 in the last quarter. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in LYTS. Strs Ohio bought a new position in shares of LSI Industries in the 1st quarter worth about $34,000. State of Alaska Department of Revenue bought a new position in LSI Industries in the third quarter worth approximately $38,000. EverSource Wealth Advisors LLC acquired a new stake in LSI Industries in the second quarter valued at approximately $47,000. BNP Paribas Financial Markets raised its position 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 period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of LSI Industries by 141.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock worth $74,000 after purchasing an additional 2,555 shares in the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

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.