Allspring Global Investments Holdings LLC Acquires 29,140 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Allspring Global Investments Holdings LLC grew its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 187.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,685 shares of the construction company’s stock after purchasing an additional 29,140 shares during the period. Allspring Global Investments Holdings LLC’s holdings in LSI Industries were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in LSI Industries by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 465,061 shares of the construction company’s stock worth $7,385,000 after buying an additional 30,300 shares during the period. Legato Capital Management LLC increased its position in shares of LSI Industries by 37.9% during the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after acquiring an additional 103,480 shares during the period. Bank of New York Mellon Corp raised its stake in shares of LSI Industries by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock valued at $4,475,000 after acquiring an additional 2,146 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of LSI Industries by 21.0% in the third quarter. First Eagle Investment Management LLC now owns 223,600 shares of the construction company’s stock valued at $3,551,000 after purchasing an additional 38,763 shares during the period. Finally, EAM Investors LLC bought a new position in LSI Industries in the third quarter worth approximately $2,847,000. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Stock Performance

Shares of LYTS stock opened at $14.59 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The company has a market cap of $424.13 million, a PE ratio of 16.03 and a beta of 0.85. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The business’s fifty day simple moving average is $14.55 and its 200-day simple moving average is $14.15.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.13. The company had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. LSI Industries had a return on equity of 14.91% and a net margin of 5.71%. Analysts expect that LSI Industries Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LYTS. HC Wainwright reaffirmed a “buy” rating and set a $20.00 target price on shares of LSI Industries in a research report on Monday. StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd.

LSI Industries Company Profile

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.