New York State Teachers Retirement System Makes New $35,000 Investment in LSI Industries Inc. (NASDAQ:LYTS)

New York State Teachers Retirement System purchased a new position in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,507 shares of the construction company’s stock, valued at approximately $35,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of LSI Industries in the second quarter worth $27,000. Tower Research Capital LLC TRC purchased a new position in shares of LSI Industries during the first quarter worth $31,000. Macquarie Group Ltd. purchased a new position in shares of LSI Industries during the first quarter worth $33,000. Osaic Holdings Inc. raised its holdings in shares of LSI Industries by 580.2% during the second quarter. Osaic Holdings Inc. now owns 3,163 shares of the construction company’s stock worth $40,000 after purchasing an additional 2,698 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of LSI Industries by 112.8% during the fourth quarter. Lazard Asset Management LLC now owns 6,364 shares of the construction company’s stock worth $77,000 after purchasing an additional 3,373 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Up 5.1 %

LYTS opened at $14.70 on Friday. LSI Industries Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.24 and a current ratio of 2.16. The company has a fifty day moving average of $14.53 and a two-hundred day moving average of $14.20. The stock has a market capitalization of $427.33 million, a price-to-earnings ratio of 16.15 and a beta of 0.85.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.13. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. The company had revenue of $109.01 million during the quarter, compared to analysts’ expectations of $107.70 million. On average, research analysts expect that LSI Industries Inc. will post 0.89 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Monday, February 5th were issued a $0.05 dividend. The ex-dividend date was Friday, February 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. LSI Industries’s payout ratio is 21.98%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd.

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.