First Eagle Investment Management LLC Trims Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

First Eagle Investment Management LLC lowered its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,922 shares of the construction company's stock after selling 42,500 shares during the quarter. First Eagle Investment Management LLC owned 1.35% of LSI Industries worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of LSI Industries during the third quarter valued at $39,000. Fortitude Family Office LLC lifted its holdings in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after purchasing an additional 2,995 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of LSI Industries during the third quarter valued at $205,000. Centiva Capital LP bought a new position in shares of LSI Industries during the third quarter valued at $220,000. Finally, Catalina Capital Group LLC bought a new position in shares of LSI Industries during the fourth quarter valued at $253,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Performance

LYTS stock traded up $0.41 during trading on Wednesday, reaching $17.69. The stock had a trading volume of 80,309 shares, compared to its average volume of 117,053. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The stock's 50 day moving average is $19.49 and its two-hundred day moving average is $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. The firm has a market cap of $529.30 million, a PE ratio of 22.97 and a beta of 1.00.

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LSI Industries (NASDAQ:LYTS - Get Free Report) last posted 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 net margin of 4.47% and a return on equity of 11.25%. As a group, equities analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's dividend payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

LYTS has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their price target on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday, January 24th. HC Wainwright upped their price target on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a report 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.