LSI Industries (NASDAQ:LYTS) Sets New 12-Month High - Here's What Happened

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $21.50 and last traded at $23.03, with a volume of 7374 shares traded. The stock had previously closed at $19.78.

Analyst Upgrades and Downgrades

LYTS has been the subject of several analyst reports. Canaccord Genuity Group upped their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday. HC Wainwright raised their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday.

LSI Industries Trading Down 10.7 %

The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The firm has a market cap of $658.87 million, a price-to-earnings ratio of 27.95 and a beta of 0.93. The company has a 50-day moving average price of $19.87 and a 200 day moving average price of $17.40.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. As a group, research analysts anticipate that LSI Industries Inc. will post 0.86 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, February 3rd. LSI Industries's dividend payout ratio (DPR) is currently 25.32%.

Institutional Trading of LSI Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in LSI Industries during the third quarter valued at about $39,000. Fortitude Family Office LLC grew its holdings in LSI Industries by 1,559.9% in the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after buying an additional 2,995 shares during the last quarter. SG Americas Securities LLC bought a new position in LSI Industries in the 3rd quarter worth approximately $183,000. Squarepoint Ops LLC acquired a new position in shares of LSI Industries during the second quarter worth approximately $191,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of LSI Industries in the third quarter valued at approximately $205,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

About LSI Industries

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.