Congress Wealth Management LLC DE Decreases Position in LSI Industries Inc. (NASDAQ:LYTS)

Congress Wealth Management LLC DE trimmed its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 62.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,835 shares of the construction company's stock after selling 42,510 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.09% of LSI Industries worth $502,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of LSI Industries by 24.0% in the 3rd quarter. FMR LLC now owns 86,748 shares of the construction company's stock worth $1,401,000 after acquiring an additional 16,780 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of LSI Industries by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,526 shares of the construction company's stock worth $541,000 after acquiring an additional 2,702 shares during the period. Martingale Asset Management L P grew its stake in LSI Industries by 1.4% in the third quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company's stock worth $1,328,000 after purchasing an additional 1,102 shares during the period. Centiva Capital LP purchased a new stake in shares of LSI Industries in the 3rd quarter worth about $220,000. Finally, Quarry LP bought a new position in shares of LSI Industries during the third quarter valued at approximately $39,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Performance

NASDAQ LYTS traded down $0.02 on Wednesday, reaching $17.34. 12,683 shares of the stock were exchanged, compared to its average volume of 122,879. The firm has a market capitalization of $518.83 million, a PE ratio of 22.44 and a beta of 1.00. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The company's 50-day simple moving average is $19.19 and its two-hundred day simple moving average is $18.65. 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 (NASDAQ:LYTS - Get Free Report) last issued its 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 net margin of 4.47% and a return on equity of 11.25%. Analysts expect that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. LSI Industries's dividend payout ratio is currently 25.97%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LYTS. StockNews.com downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday. Canaccord Genuity Group boosted their target price on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, HC Wainwright increased their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, January 24th.

LSI Industries Company 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.