UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,476 shares of the construction company’s stock after selling 1,784 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of LSI Industries worth $864,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Systematic Financial Management LP grew its stake in LSI Industries by 4.3% during the fourth 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. WealthTrust Axiom LLC boosted its stake in shares of LSI Industries by 1.1% in 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 period. G2 Investment Partners Management LLC boosted its stake in shares of LSI Industries by 1.4% in the fourth quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 5,470 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of LSI Industries by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock valued at $6,481,000 after purchasing an additional 3,000 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of LSI Industries by 9.9% in the fourth quarter. Northern Trust Corp now owns 268,521 shares of the construction company’s stock valued at $5,215,000 after purchasing an additional 24,121 shares during the period. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LYTS shares. Canaccord Genuity Group decreased their target price on shares of LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Finally, HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research note on Friday, April 25th.

LSI Industries Price Performance

Shares of LYTS stock opened at $16.57 on Wednesday. The company has a market capitalization of $495.79 million, a PE ratio of 21.52 and a beta of 0.27. The firm has a fifty day simple moving average of $15.87 and a 200-day simple moving average of $18.14. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $132.48 million for the quarter, compared to analysts’ expectations of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Equities research analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

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

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.