American Century Companies Inc. Cuts Stake in LSI Industries Inc. (NASDAQ:LYTS)

American Century Companies Inc. reduced its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 253,520 shares of the construction company's stock after selling 93,826 shares during the period. American Century Companies Inc. owned 0.85% of LSI Industries worth $4,923,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank increased its position in LSI Industries by 2.5% in the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock valued at $1,023,000 after buying an additional 1,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock valued at $1,590,000 after acquiring an additional 1,652 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of LSI Industries by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock valued at $910,000 after acquiring an additional 1,876 shares in the last quarter. Quarry LP acquired a new position in shares of LSI Industries during the third quarter worth approximately $39,000. Finally, SG Americas Securities LLC lifted its holdings in shares of LSI Industries by 24.1% in the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock worth $274,000 after purchasing an additional 2,731 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LYTS. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Canaccord Genuity Group upped their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, HC Wainwright raised their price target on shares of LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, January 24th.

LSI Industries Stock Down 3.6 %

LYTS traded down $0.60 during mid-day trading on Thursday, reaching $15.97. 134,153 shares of the stock were exchanged, compared to its average volume of 127,267. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The stock has a market capitalization of $477.84 million, a PE ratio of 20.74 and a beta of 0.70. The company has a 50 day moving average price of $18.19 and a two-hundred day moving average price of $18.62.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Monday, February 3rd. LSI Industries's dividend payout ratio is presently 25.97%.

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.