Wellington Management Group LLP Has $36.49 Million Stock Holdings in LSI Industries Inc. $LYTS

Wellington Management Group LLP boosted its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 5.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,372,841 shares of the construction company’s stock after acquiring an additional 70,033 shares during the quarter. Wellington Management Group LLP owned 3.74% of LSI Industries worth $36,490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bailard Inc. grew its stake in shares of LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after purchasing an additional 500 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of LSI Industries by 1.2% in the 1st quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after buying an additional 536 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of LSI Industries by 28.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of 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 valued at $31,000 after buying an additional 625 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after acquiring an additional 635 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LSI Industries

In other LSI Industries news, Director Ernest W. Marshall, Jr. purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the purchase, the director owned 28,643 shares of the company’s stock, valued at $565,126.39. This trade represents a 7.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO James E. Galeese sold 8,269 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $166,124.21. Following the transaction, the chief financial officer owned 190,740 shares in the company, valued at approximately $3,831,966.60. The trade was a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,345 shares of company stock valued at $1,928,267 over the last ninety days. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LYTS has been the topic of several analyst reports. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research note on Friday, August 21st. Oppenheimer decreased their price objective on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Three investment 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 has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

LSI Industries Price Performance

LYTS stock opened at $20.23 on Friday. The stock has a market capitalization of $742.64 million, a PE ratio of 30.19 and a beta of 0.52. The company’s 50-day moving average is $23.40 and its 200-day moving average is $22.52. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. LSI Industries Inc. has a 1 year low of $17.20 and a 1 year high of $27.36.

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

LSI Industries Announces Dividend

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

LSI Industries Company Profile

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.