LSI Industries Inc. $LYTS Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,624,265 shares of the construction company’s stock after buying an additional 47,341 shares during the period. Vanguard Group Inc. owned about 5.43% of LSI Industries worth $27,613,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC acquired a new stake in LSI Industries in the 4th quarter worth about $46,000. State of Tennessee Department of Treasury acquired a new stake in LSI Industries in the 4th quarter worth about $186,000. GAMMA Investing LLC raised its holdings in LSI Industries by 4,116.3% in the 1st quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company’s stock valued at $181,000 after acquiring an additional 10,373 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in LSI Industries in the 4th quarter valued at about $214,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in LSI Industries in the 4th quarter valued at about $248,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on LYTS shares. Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday. Finally, Craig Hallum reiterated a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $27.67.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $22.61 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.25. The firm has a market capitalization of $676.49 million, a price-to-earnings ratio of 28.62 and a beta of 0.32. The company’s 50-day moving average is $18.37 and its two-hundred day moving average is $17.41. LSI Industries Inc. has a 1-year low of $13.77 and a 1-year high of $25.50.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. The company had revenue of $155.07 million for the quarter, compared to analyst estimates of $138.89 million. LSI Industries had a net margin of 4.25% and a return on equity of 11.25%. Analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. LSI Industries’s dividend payout ratio (DPR) is currently 25.32%.

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.