Nuveen LLC Makes New Investment in LSI Industries Inc. $LYTS

Nuveen LLC purchased a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 84,264 shares of the construction company’s stock, valued at approximately $1,432,000. Nuveen LLC owned 0.28% of LSI Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYTS. Aquatic Capital Management LLC bought a new position in LSI Industries in the 4th quarter valued at approximately $46,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 10,373 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in LSI Industries in the 4th quarter valued at approximately $186,000. Harmony Asset Management LLC bought a new position in LSI Industries in the 4th quarter valued at approximately $214,000. Finally, Occudo Quantitative Strategies LP bought a new position in LSI Industries in the 4th quarter valued at approximately $248,000. Institutional investors own 73.91% of the company’s stock.

Insider Activity at LSI Industries

In related news, VP Thomas A. Caneris sold 7,544 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $174,115.52. Following the transaction, the vice president directly owned 114,016 shares of the company’s stock, valued at $2,631,489.28. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James E. Galeese sold 6,064 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $139,957.12. Following the sale, the chief financial officer owned 173,288 shares of the company’s stock, valued at $3,999,487.04. This trade represents a 3.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,205 shares of company stock valued at $927,931 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

LSI Industries Trading Down 0.0%

LYTS opened at $22.93 on Monday. LSI Industries Inc. has a twelve month low of $13.77 and a twelve month high of $25.50. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $18.64 and a 200-day moving average of $17.40. The stock has a market cap of $686.07 million, a PE ratio of 29.03 and a beta of 0.27.

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

LSI Industries Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Craig Hallum restated a “buy” rating and issued a $28.00 price target on shares of LSI Industries in a research report on Friday, August 22nd. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Finally, Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $27.67.

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.