LSI Industries Inc. (NASDAQ:LYTS) Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 1.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,127 shares of the construction company’s stock after purchasing an additional 2,380 shares during the period. Annex Advisory Services LLC owned about 0.46% of LSI Industries worth $2,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Systematic Financial Management LP boosted its stake in shares of LSI Industries by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company’s stock worth $49,382,000 after purchasing an additional 103,724 shares during the last quarter. WealthTrust Axiom LLC lifted its position in shares of LSI Industries by 1.1% during the fourth quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company’s stock worth $13,530,000 after purchasing an additional 7,647 shares during the last quarter. G2 Investment Partners Management LLC increased its stake in shares of LSI Industries by 1.4% in the fourth quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company’s stock valued at $7,903,000 after purchasing an additional 5,470 shares during the period. Hillsdale Investment Management Inc. raised its holdings in LSI Industries by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock worth $6,481,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Northern Trust Corp grew its position in LSI Industries by 9.9% in the fourth quarter. Northern Trust Corp now owns 268,521 shares of the construction company’s stock worth $5,215,000 after buying an additional 24,121 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYTS. Wall Street Zen lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 30th. Canaccord Genuity Group reduced their price target on LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, HC Wainwright reissued a “buy” rating and issued a $30.00 target price on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries Stock Performance

Shares of LSI Industries stock opened at $16.29 on Thursday. LSI Industries Inc. has a 12 month low of $13.63 and a 12 month 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. The business has a fifty day simple moving average of $15.92 and a two-hundred day simple moving average of $18.26. The firm has a market capitalization of $487.41 million, a P/E ratio of 21.16 and a beta of 0.25.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, equities analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.20 annualized dividend and a yield of 1.23%. LSI Industries’s dividend payout ratio (DPR) is 27.78%.

About LSI Industries

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.