Bank of New York Mellon Corp Has $4.46 Million Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Bank of New York Mellon Corp cut its stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,508 shares of the construction company's stock after selling 20,553 shares during the period. Bank of New York Mellon Corp owned approximately 0.77% of LSI Industries worth $4,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Navellier & Associates Inc. grew its holdings in shares of LSI Industries by 13.9% during the fourth quarter. Navellier & Associates Inc. now owns 31,064 shares of the construction company's stock valued at $603,000 after buying an additional 3,785 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 buying an additional 1,876 shares in the last quarter. Savant Capital LLC purchased a new position in shares of LSI Industries during the fourth quarter valued at $368,000. Bleakley Financial Group LLC grew its holdings in shares of LSI Industries by 228.8% during the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock valued at $672,000 after buying an additional 24,096 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new position in LSI Industries in the fourth quarter valued at about $253,000. 73.91% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on LYTS shares. Canaccord Genuity Group boosted their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. HC Wainwright boosted their target price on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

LSI Industries Stock Down 1.3 %

NASDAQ LYTS traded down $0.22 on Friday, reaching $17.33. The stock had a trading volume of 196,815 shares, compared to its average volume of 117,403. The business has a 50 day moving average price of $19.42 and a 200 day moving average price of $18.51. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The company has a market capitalization of $518.53 million, a price-to-earnings ratio of 22.51 and a beta of 1.00.

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 (EPS) 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%. On average, analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.15%. LSI Industries's dividend payout ratio (DPR) is presently 25.97%.

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.