LSI Industries Inc. (NASDAQ:LYTS) Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 57.5% in the 4th quarter, HoldingsChannel reports. The fund owned 258,175 shares of the construction company’s stock after acquiring an additional 94,302 shares during the period. New York State Common Retirement Fund’s holdings in LSI Industries were worth $3,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in LSI Industries in the fourth quarter worth approximately $35,000. SG Americas Securities LLC acquired a new stake in shares of LSI Industries in the fourth quarter valued at $121,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of LSI Industries in the fourth quarter valued at $145,000. Allspring Global Investments Holdings LLC bought a new position in LSI Industries during the third quarter valued at about $247,000. Finally, Arete Wealth Advisors LLC acquired a new position in LSI Industries during the third quarter worth about $364,000. 73.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LYTS has been the subject of a number of research analyst reports. HC Wainwright reissued a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a report on Monday, April 22nd. Canaccord Genuity Group increased their target price on shares of LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, 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 Trading Up 2.4 %

Shares of NASDAQ LYTS opened at $15.28 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. LSI Industries Inc. has a 12 month low of $11.44 and a 12 month high of $16.97. The company has a market cap of $444.19 million, a price-to-earnings ratio of 16.43 and a beta of 0.82. The business has a fifty day simple moving average of $14.66 and a 200-day simple moving average of $14.06.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 3rd. LSI Industries’s dividend payout ratio is presently 21.51%.

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.