Key Points
- LSI Industries EVP Thomas Caneris sold 109,226 shares on May 28 at an average price of $24.29, raising about $2.65 million and cutting his direct stake by 62.77%.
- The company recently reported weaker-than-expected quarterly results, posting EPS of $0.06 versus the $0.40 consensus and revenue of $150.53 million versus $163.53 million expected.
- Despite the mixed earnings picture, institutional ownership remains high at 73.91%, and analysts still rate the stock a Moderate Buy with an average price target of $28.33.
LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) Director Wilfred Ogara sold 10,369 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $24.09, for a total transaction of $249,789.21. Following the completion of the sale, the director owned 103,686 shares of the company's stock, valued at $2,497,795.74. The trade was a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
LSI Industries Trading Down 0.5%
LYTS opened at $24.10 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $884.71 million, a PE ratio of 32.13 and a beta of 0.53. LSI Industries Inc. has a 1-year low of $15.92 and a 1-year high of $24.99. The firm has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $20.49.
LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). The company had revenue of $150.53 million during the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. As a group, equities analysts anticipate that LSI Industries Inc. will post 0.81 earnings per share for the current fiscal year.
LSI Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were given 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 (DPR) is presently 26.67%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in LSI Industries by 205.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company's stock valued at $28,000 after buying an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in 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 in the last quarter. Strs Ohio bought a new position in LSI Industries in the first quarter valued at approximately $34,000. New York State Teachers Retirement System bought a new position in LSI Industries in the fourth quarter valued at approximately $36,000. Finally, EverSource Wealth Advisors LLC bought a new position in LSI Industries in the second quarter valued at approximately $47,000. Institutional investors own 73.91% of the company's stock.
Analyst Upgrades and Downgrades
LYTS has been the subject of several research reports. Zacks Research upgraded shares of LSI Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. Weiss Ratings cut shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 22nd. Finally, Wall Street Zen cut shares of LSI Industries from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.33.
Get Our Latest Research Report on LSI Industries
About LSI Industries
(
Get Free Report)
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.
Further Reading
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