LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) EVP Thomas Caneris sold 109,226 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $2,653,099.54. Following the completion of the sale, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
LSI Industries Trading Down 5.2%
Shares of LYTS stock opened at $22.84 on Thursday. LSI Industries Inc. has a 12-month low of $16.00 and a 12-month high of $24.99. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $21.70 and its 200-day moving average price is $20.56. The stock has a market capitalization of $838.46 million, a price-to-earnings ratio of 30.45 and a beta of 0.53.
LSI Industries (NASDAQ:LYTS – Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The firm had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. Equities research analysts predict that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.
LSI Industries Announces Dividend
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, LSI Industries presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.
Get Our Latest Stock Analysis on LYTS
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of LYTS. Thrivent Financial for Lutherans bought a new position in shares of LSI Industries during the third quarter valued at approximately $10,288,000. Royce & Associates LP boosted its holdings in shares of LSI Industries by 50.0% in the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after purchasing an additional 348,598 shares during the period. Juniper Investment Company LLC grew its stake in LSI Industries by 211.0% in the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after purchasing an additional 231,693 shares in the last quarter. Kennedy Capital Management LLC grew its stake in LSI Industries by 163.7% in the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock worth $8,015,000 after purchasing an additional 210,728 shares in the last quarter. Finally, Sei Investments Co. grew its stake in LSI Industries by 259.7% in the first quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock worth $4,917,000 after purchasing an additional 190,840 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.
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.
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