LSI Industries (NASDAQ:LYTS) EVP Thomas Caneris Sells 109,226 Shares

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 109,226 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the sale, the executive vice president owned 64,790 shares in the company, valued at approximately $1,573,749.10. This represents a 62.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

LSI Industries Stock Down 0.5%

Shares of LSI Industries stock traded down $0.13 on Monday, reaching $24.10. The company’s stock had a trading volume of 564,238 shares, compared to its average volume of 318,448. LSI Industries Inc. has a 52 week low of $15.92 and a 52 week high of $24.99. The firm’s fifty day simple moving average is $21.45 and its two-hundred day simple moving average is $20.46. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The business had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. Equities analysts anticipate that LSI Industries Inc. will post 0.81 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, May 4th. This represents a $0.20 annualized dividend and a yield of 0.8%. LSI Industries’s dividend payout ratio is currently 26.67%.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after buying an additional 1,031 shares during the period. Rockefeller Capital Management L.P. raised its position in LSI Industries by 57.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after acquiring an additional 625 shares during the period. Strs Ohio bought a new position in LSI Industries in the first quarter worth approximately $34,000. New York State Teachers Retirement System purchased a new position in shares of LSI Industries during the 4th quarter worth $36,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of LSI Industries during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LYTS. Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.