LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Strs Ohio

Strs Ohio cut its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 42.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,100 shares of the construction company’s stock after selling 15,800 shares during the period. Strs Ohio’s holdings in LSI Industries were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new position in shares of LSI Industries in the 4th quarter valued at about $35,000. SG Americas Securities LLC purchased a new position in LSI Industries in the fourth quarter valued at approximately $121,000. Allspring Global Investments Holdings LLC purchased a new position in LSI Industries in the third quarter valued at approximately $247,000. Arete Wealth Advisors LLC acquired a new stake in LSI Industries during the third quarter worth approximately $364,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of LSI Industries by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,122 shares of the construction company’s stock worth $383,000 after buying an additional 1,944 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Performance

Shares of LYTS opened at $15.01 on Tuesday. The company’s 50 day simple moving average is $14.60 and its 200-day simple moving average is $14.10. The firm has a market cap of $436.34 million, a PE ratio of 16.14 and a beta of 0.85. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, May 6th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 3rd. LSI Industries’s dividend payout ratio is currently 21.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LYTS. StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Canaccord Genuity Group raised their price objective on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday. Finally, HC Wainwright reiterated a “buy” rating and set a $20.00 target price on shares of LSI Industries in a research report on Monday, April 22nd.

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.