LSI Industries Inc. $LYTS Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 70.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 742,592 shares of the construction company’s stock after purchasing an additional 306,864 shares during the period. Thrivent Financial for Lutherans owned about 2.39% of LSI Industries worth $13,604,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of LSI Industries in the 1st quarter valued at approximately $34,000. New York State Teachers Retirement System acquired a new stake in shares of LSI Industries during the fourth quarter worth approximately $36,000. State of Alaska Department of Revenue bought a new stake in shares of LSI Industries in the third quarter worth $38,000. EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries in the second quarter worth $47,000. Finally, Quarry LP acquired a new stake in LSI Industries in the third quarter valued at $55,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Stock Performance

LSI Industries stock opened at $23.51 on Tuesday. 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 12 month low of $15.31 and a 12 month high of $24.99. The company has a fifty day moving average price of $20.71 and a two-hundred day moving average price of $20.35. The company has a market cap of $863.05 million, a PE ratio of 31.35 and a beta of 0.54.

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

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Investors 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 0.9%. LSI Industries’s dividend payout ratio is 26.67%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. HC Wainwright restated a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a research note on Tuesday, January 27th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LSI Industries in a research note on Friday, May 8th. Finally, Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.