LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) EVP Thomas Caneris sold 5,474 shares of LSI Industries stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $19.78, for a total transaction of $108,275.72. Following the completion of the transaction, the executive vice president directly owned 81,839 shares of the company’s stock, valued at $1,618,775.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
LSI Industries Price Performance
Shares of NASDAQ:LYTS opened at $20.17 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The firm has a 50-day simple moving average of $24.17 and a 200 day simple moving average of $22.63. The company has a market cap of $740.48 million, a PE ratio of 30.10 and a beta of 0.56.
LSI Industries (NASDAQ:LYTS – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. The firm had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. On average, sell-side analysts anticipate that LSI Industries Inc. will post 0.82 EPS for the current year.
LSI Industries Announces Dividend
More LSI Industries News
Here are the key news stories impacting LSI Industries this week:
- Positive Sentiment: Fourth-quarter results exceeded expectations. Fiscal fourth-quarter sales rose 51% year over year to $234.6 million, helped by the Royston acquisition, while adjusted diluted EPS increased to $0.38 from $0.34 and topped the $0.35 consensus estimate. LSI Industries Fourth-Quarter Results
- Positive Sentiment: Longer-term analyst projections remain favorable. HC Wainwright reiterated its Buy rating and raised its EPS forecasts for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, while projecting $3.16 for fiscal 2031. The company also declared a quarterly dividend of $0.05 per share, or $0.20 annualized.
- Neutral Sentiment: Management characterized the period as transformational. The earnings call emphasized LSI Industries’ ongoing transformation, but investors appear focused on whether the reported sales growth can continue as acquisition benefits fade. LSI Industries Earnings Call Highlights
- Negative Sentiment: Near-term earnings expectations were cut sharply. HC Wainwright reduced its fiscal 2027 EPS estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. Although the firm maintained its Buy rating, the reduction signals weaker near-term momentum and is below the current full-year consensus estimate of $1.13.
- Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas A. Caneris collectively sold tens of thousands of shares in transactions from August 24–26, worth roughly $1.5 million. Each retained a substantial position, but the cluster of sales may undermine investor confidence.
Institutional Investors Weigh In On LSI Industries
A number of hedge funds have recently made changes to their positions in LYTS. North Star Investment Management Corp. grew its holdings in LSI Industries by 40.7% in the 1st quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company’s stock worth $5,142,000 after buying an additional 80,000 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in LSI Industries during the 1st quarter valued at $2,107,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in LSI Industries during the 2nd quarter valued at $5,324,000. Globeflex Capital L P acquired a new position in LSI Industries during the 2nd quarter worth $5,194,000. Finally, AltraVue Capital LLC boosted its position in LSI Industries by 8.0% during the 4th quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after acquiring an additional 106,693 shares during the period. Institutional investors own 73.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on LYTS shares. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright restated a “buy” rating on shares of LSI Industries in a research note on Friday, August 21st. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Oppenheimer cut their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Finally, Morgan Stanley set a $30.00 price target on shares of LSI Industries in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.
View Our Latest Analysis on LYTS
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.
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