Thomas Caneris Sells 5,560 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 5,560 shares of LSI Industries stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $111,700.40. Following the sale, the executive vice president directly owned 76,279 shares of the company’s stock, valued at approximately $1,532,445.11. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LSI Industries Price Performance

Shares of LYTS stock opened at $20.17 on Friday. LSI Industries Inc. has a twelve month low of $17.20 and a twelve month high of $27.36. The stock has a market capitalization of $740.48 million, a price-to-earnings ratio of 30.10 and a beta of 0.56. The stock has a fifty day simple moving average of $24.17 and a two-hundred day simple moving average of $22.63. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%. On average, analysts predict that LSI Industries Inc. will post 0.82 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries’s dividend payout ratio is presently 29.85%.

Wall Street Analysts Forecast Growth

LYTS has been the subject of several recent research reports. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a report on Friday, August 21st. Wall Street Zen lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a report on Friday, August 21st. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Finally, Oppenheimer lowered their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Institutional Trading of LSI Industries

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of LSI Industries by 3,782.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,005,548 shares of the construction company’s stock valued at $26,727,000 after buying an additional 979,650 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of LSI Industries during the 2nd quarter worth approximately $31,000. AXQ Capital LP lifted its position in LSI Industries by 117.7% during the second quarter. AXQ Capital LP now owns 24,007 shares of the construction company’s stock valued at $638,000 after acquiring an additional 12,979 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in LSI Industries by 17.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company’s stock valued at $1,106,000 after acquiring an additional 6,273 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in LSI Industries by 5.4% in the second quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company’s stock valued at $36,490,000 after acquiring an additional 70,033 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fourth-quarter results exceeded expectations. Fiscal fourth-quarter sales rose 51% year over year to $234.6 million, helped by the Royston acquisition, while adjusted diluted EPS increased to $0.38 from $0.34 and topped the $0.35 consensus estimate. LSI Industries Fourth-Quarter Results
• Positive Sentiment: Longer-term analyst projections remain favorable. HC Wainwright reiterated its Buy rating and raised its EPS forecasts for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, while projecting $3.16 for fiscal 2031. The company also declared a quarterly dividend of $0.05 per share, or $0.20 annualized.
• Neutral Sentiment: Management characterized the period as transformational. The earnings call emphasized LSI Industries’ ongoing transformation, but investors appear focused on whether the reported sales growth can continue as acquisition benefits fade. LSI Industries Earnings Call Highlights
• Negative Sentiment: Near-term earnings expectations were cut sharply. HC Wainwright reduced its fiscal 2027 EPS estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. Although the firm maintained its Buy rating, the reduction signals weaker near-term momentum and is below the current full-year consensus estimate of $1.13.
• Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas A. Caneris collectively sold tens of thousands of shares in transactions from August 24–26, worth roughly $1.5 million. Each retained a substantial position, but the cluster of sales may undermine investor confidence.

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.