LSI Industries Inc. (NASDAQ:LYTS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 203.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 86,550 shares of the construction company's stock after purchasing an additional 57,989 shares during the quarter. JPMorgan Chase & Co. owned about 0.29% of LSI Industries worth $1,681,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYTS. Fortitude Family Office LLC increased its holdings in shares of LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock worth $62,000 after buying an additional 2,995 shares during the last quarter. Quantbot Technologies LP increased its stake in LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after acquiring an additional 3,218 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of LSI Industries in the 4th quarter worth about $82,000. Catalina Capital Group LLC acquired a new position in shares of LSI Industries in the 4th quarter valued at about $253,000. Finally, Bailard Inc. purchased a new stake in shares of LSI Industries during the 4th quarter worth about $260,000. Institutional investors and hedge funds own 73.91% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on LYTS. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Canaccord Genuity Group cut their target price on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday. Finally, HC Wainwright restated a "buy" rating and set a $30.00 target price on shares of LSI Industries in a report on Friday.

LSI Industries Stock Up 3.6 %

Shares of NASDAQ:LYTS traded up $0.53 during mid-day trading on Tuesday, hitting $15.18. 177,170 shares of the company traded hands, compared to its average volume of 131,706. The firm's 50 day simple moving average is $16.94 and its 200 day simple moving average is $18.59. The firm has a market cap of $454.20 million, a P/E ratio of 19.71 and a beta of 0.70. 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 52-week low of $13.63 and a 52-week high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $132.48 million for the quarter, compared to analyst estimates of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, equities analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th will be given a $0.05 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.32%. LSI Industries's payout ratio is currently 27.78%.

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.