Two Sigma Investments LP Lowers Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Two Sigma Investments LP trimmed its position in LSI Industries Inc. (NASDAQ:LYTS) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,535 shares of the construction company’s stock after selling 3,288 shares during the quarter. Two Sigma Investments LP owned 0.06% of LSI Industries worth $341,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LYTS. Invesco Ltd. lifted its holdings 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 worth $4,734,000 after buying an additional 190,095 shares during the period. Expect Equity LLC purchased a new stake in shares of LSI Industries in the 4th quarter worth $2,391,000. Systematic Financial Management LP lifted its holdings in shares of LSI Industries by 4.3% in the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after buying an additional 103,724 shares during the period. Anderson Financial Strategies LLC purchased a new stake in shares of LSI Industries during the 4th quarter worth $1,279,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of LSI Industries by 203.0% during the 4th quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company’s stock worth $1,681,000 after purchasing an additional 57,989 shares during the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Trading Up 1.3%

LSI Industries stock opened at $16.57 on Wednesday. The stock has a 50-day moving average of $15.87 and a two-hundred day moving average of $18.14. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The stock has a market cap of $495.79 million, a PE ratio of 21.52 and a beta of 0.27.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting 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. On average, research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, May 5th. LSI Industries’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth

LYTS has been the subject of a number of analyst reports. Canaccord Genuity Group decreased their price objective on LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, April 25th. HC Wainwright restated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th.

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.