Royce & Associates LP Boosts Stock Position in LSI Industries Inc. $LYTS

Royce & Associates LP raised its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,216,349 shares of the construction company’s stock after acquiring an additional 171,124 shares during the period. Royce & Associates LP’s holdings in LSI Industries were worth $22,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its position in LSI Industries by 191.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,783 shares of the construction company’s stock worth $51,000 after purchasing an additional 1,828 shares during the period. Legato Capital Management LLC increased its position in LSI Industries by 8.7% during the 4th quarter. Legato Capital Management LLC now owns 394,103 shares of the construction company’s stock worth $7,220,000 after purchasing an additional 31,429 shares during the period. Thrivent Financial for Lutherans increased its position in LSI Industries by 70.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock worth $13,604,000 after purchasing an additional 306,864 shares during the period. Bailard Inc. increased its position in LSI Industries by 3.4% during the 4th 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 period. Finally, New York State Teachers Retirement System acquired a new position in LSI Industries during the 4th quarter worth approximately $36,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Trading Up 3.8%

Shares of LSI Industries stock opened at $24.14 on Wednesday. LSI Industries Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $24.99. The firm has a market cap of $886.18 million, a PE ratio of 32.19 and a beta of 0.54. The business’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.36. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58.

LSI Industries (NASDAQ:LYTS) last issued its quarterly 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). The business had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $163.53 million. LSI Industries had a return on equity of 8.90% and a net margin of 3.91%. 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 declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 4th. LSI Industries’s dividend payout ratio is currently 26.67%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. HC Wainwright restated a “buy” rating and issued a $30.00 price target on shares of LSI Industries in a report on Tuesday, January 27th. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

LSI Industries 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.