LSI Industries Inc. $LYTS Shares Bought by AltraVue Capital LLC

AltraVue Capital LLC lifted its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,339,140 shares of the construction company’s stock after buying an additional 27,140 shares during the quarter. LSI Industries comprises about 2.6% of AltraVue Capital LLC’s holdings, making the stock its 15th biggest holding. AltraVue Capital LLC owned 4.38% of LSI Industries worth $31,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Strs Ohio acquired a new stake in LSI Industries during the 1st quarter worth $34,000. State of Alaska Department of Revenue acquired a new position in LSI Industries in the third quarter valued at $38,000. EverSource Wealth Advisors LLC purchased a new position in shares of LSI Industries during the second quarter worth about $47,000. BNP Paribas Financial Markets increased its position in shares of LSI Industries by 22.0% during the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after purchasing an additional 736 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of LSI Industries by 141.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock valued at $74,000 after purchasing an additional 2,555 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYTS has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of LSI Industries in a research report on Monday, December 29th. Wall Street Zen upgraded LSI Industries from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Zacks Research downgraded LSI Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 28th. Canaccord Genuity Group lifted their target price on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.33.

LSI Industries Stock Down 3.3%

LSI Industries stock opened at $20.75 on Wednesday. The stock has a 50 day moving average of $20.87 and a two-hundred day moving average of $21.09. LSI Industries Inc. has a twelve month low of $13.77 and a twelve month high of $24.75. The stock has a market capitalization of $645.95 million, a price-to-earnings ratio of 25.31 and a beta of 0.22. The company has a current ratio of 2.15, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a return on equity of 10.90% and a net margin of 4.34%.The business had revenue of $147.00 million for the quarter, compared to analyst estimates of $140.11 million. As a group, research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 2nd were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. LSI Industries’s dividend payout ratio is presently 24.39%.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.