Raymond James Financial Inc. Purchases Shares of 18,649 LSI Industries Inc. (NASDAQ:LYTS)

Raymond James Financial Inc. purchased a new stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 18,649 shares of the construction company's stock, valued at approximately $362,000. Raymond James Financial Inc. owned about 0.06% of LSI Industries at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in LSI Industries by 117.1% during the third 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. Annex Advisory Services LLC increased its stake in shares of LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock valued at $2,656,000 after acquiring an additional 30,464 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in LSI Industries by 228.8% in the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after purchasing an additional 24,096 shares during the period. Savant Capital LLC bought a new stake in LSI Industries in the fourth quarter valued at $368,000. Finally, FMR LLC raised its holdings in shares of LSI Industries by 24.0% during the third quarter. FMR LLC now owns 86,748 shares of the construction company's stock valued at $1,401,000 after purchasing an additional 16,780 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on LYTS shares. Canaccord Genuity Group boosted their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, January 24th. StockNews.com downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a report on Monday. Finally, HC Wainwright upped their target price on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, January 24th.

LSI Industries Stock Down 0.3 %

Shares of NASDAQ:LYTS traded down $0.05 during midday trading on Tuesday, hitting $16.14. 3,023 shares of the company's stock were exchanged, compared to its average volume of 127,234. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a 12 month low of $9.80 and a 12 month high of $25.50. The company has a market cap of $482.92 million, a PE ratio of 20.96 and a beta of 0.70. The stock has a 50 day moving average price of $17.99 and a 200-day moving average price of $18.65.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued 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 11.25% and a net margin of 4.47%. On average, sell-side analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. LSI Industries's dividend payout ratio is presently 25.97%.

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.