LSI Industries (NASDAQ:LYTS) CFO Sells $3,317,479.62 in Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 136,578 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 $3,317,479.62. Following the completion of the sale, the chief financial officer directly owned 173,288 shares of the company’s stock, valued at $4,209,165.52. The trade was a 44.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

LSI Industries Stock Down 0.5%

NASDAQ:LYTS traded down $0.13 during trading hours on Monday, hitting $24.10. 564,238 shares of the company traded hands, compared to its average volume of 318,448. 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 firm’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $20.46. LSI Industries Inc. has a one year low of $15.92 and a one year high of $24.99. The company has a market cap of $884.71 million, a PE ratio of 32.13 and a beta of 0.53.

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

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were issued 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 payout ratio is 26.67%.

Institutional Trading of LSI Industries

Several hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans purchased a new position in LSI Industries in the third quarter valued at about $10,288,000. Royce & Associates LP raised its holdings in shares of LSI Industries by 50.0% in the 3rd quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after purchasing an additional 348,598 shares during the period. Juniper Investment Company LLC lifted its stake in LSI Industries by 211.0% in the fourth quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after purchasing an additional 231,693 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in LSI Industries by 163.7% in the third quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock valued at $8,015,000 after purchasing an additional 210,728 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in LSI Industries by 259.7% during the first quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock valued at $4,917,000 after purchasing an additional 190,840 shares during the period. Institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.