Vanguard Group Inc. Sells 34,309 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Vanguard Group Inc. lowered its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,576,924 shares of the construction company's stock after selling 34,309 shares during the quarter. Vanguard Group Inc. owned approximately 5.28% of LSI Industries worth $30,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYTS. Knights of Columbus Asset Advisors LLC bought a new stake in LSI Industries in the 4th quarter valued at $878,000. Barclays PLC increased its holdings in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company's stock valued at $1,127,000 after purchasing an additional 37,660 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of LSI Industries by 28.7% in the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock valued at $2,656,000 after purchasing an additional 30,464 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after buying an additional 24,096 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of LSI Industries during the 4th quarter worth about $368,000. Institutional investors own 73.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LYTS. Canaccord Genuity Group increased their price target on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday, January 24th. StockNews.com downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, HC Wainwright increased their target price on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, January 24th.

LSI Industries Stock Performance

Shares of LYTS stock traded up $0.08 on Friday, hitting $15.80. The company's stock had a trading volume of 104,226 shares, compared to its average volume of 127,874. 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 capitalization of $472.75 million, a PE ratio of 20.52 and a beta of 0.70. The stock's 50 day moving average is $17.68 and its 200-day moving average is $18.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (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%. Equities research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. LSI Industries's dividend payout ratio (DPR) 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.