LSI Industries Inc. (NASDAQ:LYTS) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC increased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,264 shares of the construction company’s stock after acquiring an additional 1,717 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.28% of LSI Industries worth $1,636,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. WealthTrust Axiom LLC boosted its position in LSI Industries by 1.1% during the fourth quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company’s stock valued at $13,530,000 after purchasing an additional 7,647 shares during the last quarter. G2 Investment Partners Management LLC lifted its position in shares of LSI Industries by 1.4% during the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock worth $7,903,000 after purchasing an additional 5,470 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in LSI Industries by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock valued at $6,481,000 after acquiring an additional 3,000 shares during the period. Northern Trust Corp increased its stake in LSI Industries by 9.9% during the fourth quarter. Northern Trust Corp now owns 268,521 shares of the construction company’s stock valued at $5,215,000 after acquiring an additional 24,121 shares during the period. Finally, Invesco Ltd. grew its stake in shares of LSI Industries by 354.1% in the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company’s stock valued at $4,734,000 after purchasing an additional 190,095 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYTS has been the topic of several recent analyst reports. HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Friday, April 25th. Wall Street Zen cut shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group cut their price target on LSI Industries from $26.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, April 25th.

LSI Industries Trading Up 1.6%

LSI Industries stock opened at $16.25 on Wednesday. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The stock has a market capitalization of $486.22 million, a P/E ratio of 21.10 and a beta of 0.25. The stock has a 50-day simple moving average of $15.94 and a 200 day simple moving average of $18.28.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The company had revenue of $132.48 million during the quarter, compared to analysts’ expectations of $129.72 million. Analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Monday, May 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. LSI Industries’s dividend payout ratio (DPR) is 27.78%.

LSI Industries 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.