Essex Investment Management Co. LLC decreased its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 11.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 269,911 shares of the construction company's stock after selling 36,486 shares during the period. LSI Industries makes up 0.9% of Essex Investment Management Co. LLC's portfolio, making the stock its 26th largest position. Essex Investment Management Co. LLC owned approximately 0.90% of LSI Industries worth $5,242,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LYTS. Janney Montgomery Scott LLC grew its holdings in shares of LSI Industries by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company's stock valued at $758,000 after buying an additional 1,535 shares during the period. Phocas Financial Corp. acquired a new position in shares of LSI Industries in the 3rd quarter valued at $3,682,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LSI Industries by 0.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company's stock valued at $2,345,000 after buying an additional 494 shares during the period. West Tower Group LLC grew its holdings in shares of LSI Industries by 21.2% in the 3rd quarter. West Tower Group LLC now owns 34,365 shares of the construction company's stock valued at $555,000 after buying an additional 6,000 shares during the period. Finally, FMR LLC grew 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 valued at $1,401,000 after buying an additional 16,780 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.
LSI Industries Stock Down 2.5 %
NASDAQ LYTS traded down $0.44 on Monday, reaching $17.09. The company had a trading volume of 149,369 shares, compared to its average volume of 116,649. The firm has a market capitalization of $511.35 million, a price-to-earnings ratio of 22.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The company's fifty day moving average is $19.79 and its 200-day moving average is $18.42.
LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.
LSI Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's payout ratio is presently 25.97%.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on LYTS shares. HC Wainwright boosted their price target on shares of LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a report on Friday, January 24th. 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 research note on Friday, January 24th.
Check Out Our Latest Report on LSI Industries
LSI Industries Profile
(
Free Report)
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.
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