LSI Industries (NASDAQ:LYTS) Shares Down 7.7% Following Weak Earnings

Shares of LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) traded down 7.7% during mid-day trading on Friday following a dissappointing earnings announcement. The stock traded as low as $22.94 and last traded at $22.83. 82,511 shares changed hands during trading, a decline of 49% from the average session volume of 160,537 shares. The stock had previously closed at $24.72.

The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Monday, February 3rd will be issued a $0.05 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 0.91%. LSI Industries's dividend payout ratio (DPR) is presently 25.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LYTS shares. HC Wainwright increased their price target on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday. Canaccord Genuity Group increased their price target on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Friday.

Institutional Investors Weigh In On LSI Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC grew its stake in shares of LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company's stock worth $1,127,000 after purchasing an additional 37,660 shares during the period. State Street Corp grew its stake in shares of LSI Industries by 1.1% during the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company's stock worth $9,275,000 after purchasing an additional 6,098 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of LSI Industries during the 3rd quarter worth approximately $611,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LSI Industries by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company's stock worth $2,345,000 after purchasing an additional 494 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of LSI Industries by 7.1% during the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company's stock worth $39,392,000 after purchasing an additional 162,160 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

LSI Industries Stock Down 10.7 %

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 business's 50 day moving average price is $19.74 and its 200 day moving average price is $17.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08.

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.