LSI Industries Inc. $LYTS Stock Holdings Decreased by Boston Partners

Boston Partners lessened its stake in LSI Industries Inc. (NASDAQ:LYTS) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 187,695 shares of the construction company’s stock after selling 2,975 shares during the quarter. Boston Partners owned approximately 0.63% of LSI Industries worth $3,193,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in LSI Industries by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company’s stock valued at $389,000 after buying an additional 643 shares during the last quarter. Rhumbline Advisers grew its position in shares of LSI Industries by 2.1% in the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company’s stock worth $703,000 after acquiring an additional 858 shares in the last quarter. Informed Momentum Co LLC increased its holdings in shares of LSI Industries by 1.8% in the 1st quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company’s stock valued at $893,000 after acquiring an additional 905 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in shares of LSI Industries by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock valued at $2,005,000 after acquiring an additional 1,097 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in LSI Industries by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Down 1.6%

LSI Industries stock opened at $18.01 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.17 and a current ratio of 1.99. LSI Industries Inc. has a one year low of $13.77 and a one year high of $25.50. The company has a 50-day simple moving average of $21.43 and a 200-day simple moving average of $19.60. The firm has a market capitalization of $559.83 million, a P/E ratio of 22.79 and a beta of 0.25.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. The firm had revenue of $97.02 million for the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. As a group, equities analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 17th were given a dividend of $0.05 per share. The ex-dividend date was Monday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. LSI Industries’s payout ratio is currently 25.00%.

Insider Activity

In related news, CFO James E. Galeese sold 54,575 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $23.29, for a total value of $1,271,051.75. Following the completion of the transaction, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at $4,035,877.52. This represents a 23.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

LYTS has been the subject of a number of research reports. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Craig Hallum reaffirmed a “buy” rating and set a $28.00 price objective on shares of LSI Industries in a research report on Friday, August 22nd. Wall Street Zen lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.