Quantbot Technologies LP acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,340 shares of the construction company’s stock, valued at approximately $966,000.
Other large investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of LSI Industries by 205.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after buying an additional 1,031 shares during the period. Rockefeller Capital Management L.P. increased its stake in LSI Industries by 57.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after acquiring an additional 625 shares during the period. Strs Ohio bought a new position in LSI Industries during the first quarter valued at about $34,000. New York State Teachers Retirement System acquired a new position in LSI Industries in the 4th quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC acquired a new position in LSI Industries in the 2nd quarter valued at approximately $47,000. Institutional investors and hedge funds own 73.91% of the company’s stock.
LSI Industries Stock Performance
NASDAQ:LYTS opened at $20.27 on Thursday. The stock has a market capitalization of $744.11 million, a P/E ratio of 30.25 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a 1 year low of $17.20 and a 1 year high of $27.36. The firm has a 50 day moving average of $24.29 and a 200-day moving average of $22.65.
LSI Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries’s dividend payout ratio is presently 29.85%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on LYTS shares. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. HC Wainwright reaffirmed a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Oppenheimer reduced their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. Finally, Morgan Stanley set a $30.00 price target on shares of LSI Industries in a research note on Friday, August 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.00.
Get Our Latest Stock Report on LYTS
LSI Industries News Summary
Here are the key news stories impacting LSI Industries this week:
- Positive Sentiment: Analysts remain optimistic about long-term earnings growth. 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. It projects fiscal 2031 EPS of $3.16, compared with the current-year consensus of $1.18.
- Positive Sentiment: Recent financial results exceeded expectations. LSI Industries reported quarterly EPS of $0.38 versus the $0.35 consensus, while revenue of $234.62 million topped estimates of $222.78 million. The company also declared a quarterly dividend of $0.05, equivalent to a 1.0% annualized yield.
- Positive Sentiment: Director buying provides a modest confidence signal. Director Ernest Marshall Jr. purchased 2,000 shares for approximately $39,460, increasing his holdings by 7.51%.
- Neutral Sentiment: Investor attention is also focused on the company’s earnings call. LSI Industries characterized the period as a “transformational year,” but the available headline does not provide additional operating details. LSI Industries Earnings Call Highlights Transformational Year
- Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark sold 47,046 shares for approximately $937,919 across August 24–25. CFO James E. Galeese sold 16,410 shares worth about $327,153, and EVP Thomas A. Caneris sold 11,034 shares worth roughly $219,976. Although each executive retains a sizable position, the coordinated sales may undermine investor confidence and are the clearest near-term negative catalyst.
Insider Buying and Selling
In related news, CFO James E. Galeese sold 8,269 shares of the company’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $166,124.21. Following the transaction, the chief financial officer owned 190,740 shares in the company, valued at $3,831,966.60. This represents a 4.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director owned 103,686 shares in the company, valued at approximately $2,497,795.74. This trade represents a 9.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 84,859 shares of company stock valued at $1,734,837 in the last 90 days. 7.30% of the stock is owned by corporate insiders.
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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