Savant Capital LLC Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

Savant Capital LLC acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,968 shares of the construction company's stock, valued at approximately $368,000. Savant Capital LLC owned about 0.06% of LSI Industries at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYTS. Quarry LP bought a new stake in LSI Industries during the third quarter worth about $39,000. Fortitude Family Office LLC grew its stake in LSI Industries by 1,559.9% during the fourth 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. SG Americas Securities LLC acquired a new position in shares of LSI Industries during the third quarter worth approximately $183,000. Y Intercept Hong Kong Ltd acquired a new position in shares of LSI Industries during the third quarter worth approximately $205,000. Finally, Centiva Capital LP acquired a new position in shares of LSI Industries during the third quarter worth approximately $220,000. 73.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LYTS. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th.

LSI Industries Price Performance

Shares of LYTS stock traded down $0.85 during trading hours on Friday, reaching $19.29. 173,613 shares of the company were exchanged, compared to its average volume of 167,668. The stock's fifty day moving average is $20.08 and its two-hundred day moving average is $18.13. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The company has a market cap of $577.13 million, a price-to-earnings ratio of 25.05 and a beta of 0.94. 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 (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Sell-side analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.04%. LSI Industries's dividend payout ratio is currently 25.97%.

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.