Crestwood Advisors Group LLC Decreases Holdings in LSI Industries Inc. $LYTS

Crestwood Advisors Group LLC decreased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 21.8% during the 2nd quarter, Holdings Channel reports. The firm owned 20,750 shares of the construction company’s stock after selling 5,797 shares during the quarter. Crestwood Advisors Group LLC’s holdings in LSI Industries were worth $353,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in LSI Industries by 2.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company’s stock valued at $389,000 after buying an additional 643 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of LSI Industries by 2.1% during the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company’s stock valued at $703,000 after acquiring an additional 858 shares during the last quarter. Informed Momentum Co LLC lifted its position in shares of LSI Industries by 1.8% in the first quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company’s stock valued at $893,000 after acquiring an additional 905 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of LSI Industries by 0.9% in the second quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock worth $2,005,000 after acquiring an additional 1,097 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LSI Industries by 6.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Price Performance

Shares of LYTS stock opened at $19.44 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17. The company has a market capitalization of $594.24 million, a PE ratio of 24.61 and a beta of 0.25. The firm’s 50-day moving average is $22.88 and its two-hundred day moving average is $19.29. LSI Industries Inc. has a 12 month low of $13.77 and a 12 month high of $25.50.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. The business had revenue of $97.02 million during the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. Analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.20 annualized dividend and a yield of 1.0%. LSI Industries’s dividend payout ratio (DPR) is 25.32%.

Analyst Ratings Changes

A number of research analysts have weighed in on LYTS shares. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday. Craig Hallum reiterated a “buy” rating and issued a $28.00 target price on shares of LSI Industries in a research report on Friday, August 22nd. Canaccord Genuity Group raised their price target on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Weiss Ratings raised shares of LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Finally, Wall Street Zen upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 24th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, LSI Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

Insiders Place Their Bets

In other LSI Industries news, VP Thomas A. Caneris sold 7,544 shares of LSI Industries stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the sale, the vice president owned 114,016 shares in the company, valued at $2,631,489.28. The trade was a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total value of $613,858.76. Following the completion of the transaction, the chief executive officer directly owned 421,313 shares in the company, valued at approximately $9,723,904.04. This trade represents a 5.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 94,780 shares of company stock valued at $2,198,983 over the last quarter. 7.30% of the stock is owned by insiders.

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.