Janney Montgomery Scott LLC Boosts Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Janney Montgomery Scott LLC boosted its position in LSI Industries Inc. (NASDAQ:LYTSFree Report) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,265 shares of the construction company’s stock after purchasing an additional 4,531 shares during the period. Janney Montgomery Scott LLC owned about 0.14% of LSI Industries worth $567,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of LSI Industries by 7.0% during the third quarter. Wellington Management Group LLP now owns 465,061 shares of the construction company’s stock worth $7,385,000 after acquiring an additional 30,300 shares in the last quarter. Legato Capital Management LLC lifted its holdings in LSI Industries by 37.9% in the 4th quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after buying an additional 103,480 shares during the period. New York State Common Retirement Fund grew its holdings in shares of LSI Industries by 57.5% during the 4th quarter. New York State Common Retirement Fund now owns 258,175 shares of the construction company’s stock worth $3,635,000 after acquiring an additional 94,302 shares during the period. First Eagle Investment Management LLC grew its position in shares of LSI Industries by 21.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 223,600 shares of the construction company’s stock worth $3,551,000 after buying an additional 38,763 shares during the period. Finally, EAM Investors LLC purchased a new stake in LSI Industries in the third quarter worth about $2,847,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Price Performance

NASDAQ LYTS opened at $16.05 on Tuesday. The business’s fifty day moving average price is $15.17 and its 200-day moving average price is $14.34. The stock has a market capitalization of $467.54 million, a price-to-earnings ratio of 17.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.17 and a quick ratio of 1.25. LSI Industries Inc. has a 1-year low of $11.44 and a 1-year high of $16.97.

LSI Industries (NASDAQ:LYTSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $108.19 million for the quarter, compared to analysts’ expectations of $105.71 million. LSI Industries had a return on equity of 14.68% and a net margin of 5.97%. On average, equities analysts predict that LSI Industries Inc. will post 0.82 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were issued a $0.05 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. LSI Industries’s dividend payout ratio is currently 21.51%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 26th. HC Wainwright reissued a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd.

Check Out Our Latest Research Report on LYTS

About LSI Industries

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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