LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 804,562 shares of the construction company’s stock after selling 23,700 shares during the quarter. Renaissance Technologies LLC owned approximately 2.70% of LSI Industries worth $15,625,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank boosted its stake in LSI Industries by 2.5% in the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 1,300 shares during the period. Charles Schwab Investment Management Inc. boosted its position in LSI Industries by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company’s stock valued at $1,590,000 after purchasing an additional 1,652 shares during the period. Allspring Global Investments Holdings LLC grew its stake in LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after buying an additional 1,876 shares during the last quarter. Russell Investments Group Ltd. increased its position in LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company’s stock worth $41,000 after buying an additional 1,888 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in LSI Industries by 3.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 62,756 shares of the construction company’s stock valued at $1,219,000 after buying an additional 2,096 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Down 0.2 %

LYTS stock opened at $16.19 on Tuesday. The firm’s 50-day moving average is $17.99 and its two-hundred day moving average is $18.65. The company has a market capitalization of $484.42 million, a price-to-earnings ratio of 21.03 and a beta of 0.70. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.24%. LSI Industries’s dividend payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LYTS. StockNews.com lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday. HC Wainwright raised their price target on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Canaccord Genuity Group boosted their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

LSI Industries Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.