LSI Industries (NASDAQ:LYTS) Sets New 1-Year High - What's Next?

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $18.23 and last traded at $18.00, with a volume of 24876 shares. The stock had previously closed at $16.89.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $20.00 price target on shares of LSI Industries in a research report on Friday, August 16th.

LSI Industries Stock Up 7.5 %

The firm has a market capitalization of $540.14 million, a price-to-earnings ratio of 21.61 and a beta of 0.87. The business has a 50 day moving average of $16.09 and a 200 day moving average of $15.48. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.16.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $129.01 million during the quarter, compared to analysts' expectations of $127.28 million. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. On average, equities analysts anticipate that LSI Industries Inc. will post 0.88 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Monday, August 26th. LSI Industries's dividend payout ratio is 23.81%.

Insider Activity

In related news, CEO James Anthony Clark sold 33,331 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $485,632.67. Following the completion of the transaction, the chief executive officer now owns 361,099 shares in the company, valued at $5,261,212.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James Anthony Clark sold 33,331 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $485,632.67. Following the sale, the chief executive officer now owns 361,099 shares of the company's stock, valued at approximately $5,261,212.43. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Galeese sold 8,824 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $128,565.68. Following the sale, the chief financial officer now owns 145,631 shares of the company's stock, valued at $2,121,843.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,903 shares of company stock worth $756,227. Company insiders own 8.20% of the company's stock.

Institutional Investors Weigh In On LSI Industries

A number of large investors have recently bought and sold shares of LYTS. Janney Montgomery Scott LLC raised its position in 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 purchasing an additional 1,535 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in LSI Industries during the 3rd quarter worth about $611,000. Wedge Capital Management L L P NC increased its position in LSI Industries by 0.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 85,140 shares of the construction company's stock valued at $1,375,000 after acquiring an additional 740 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of LSI Industries by 0.4% in the third quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company's stock worth $4,948,000 after acquiring an additional 1,111 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in shares of LSI Industries by 32.4% in the third quarter. Annex Advisory Services LLC now owns 106,283 shares of the construction company's stock worth $1,716,000 after acquiring an additional 25,982 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

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.