LSI Industries Inc. $LYTS Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its stake in LSI Industries Inc. (NASDAQ:LYTS) by 70.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 742,592 shares of the construction company’s stock after purchasing an additional 306,864 shares during the period. Thrivent Financial for Lutherans’ holdings in LSI Industries were worth $13,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of LSI Industries in the 3rd quarter worth about $38,000. New York State Teachers Retirement System bought a new position in LSI Industries in the 4th quarter worth about $36,000. Strs Ohio bought a new position in LSI Industries in the 1st quarter worth about $34,000. Quarry LP acquired a new stake in shares of LSI Industries in the third quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. increased its stake in shares of LSI Industries by 711.7% in the third quarter. Russell Investments Group Ltd. now owns 2,703 shares of the construction company’s stock valued at $64,000 after purchasing an additional 2,370 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.

Analyst Ratings Changes

LYTS has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of LSI Industries in a research report on Tuesday, January 27th. Weiss Ratings restated a “hold (c+)” rating on shares of LSI Industries in a research report on Friday, May 8th. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Canaccord Genuity Group increased their price target on LSI Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.33.

LSI Industries Trading Up 0.8%

LSI Industries stock opened at $23.51 on Tuesday. LSI Industries Inc. has a 12-month low of $15.31 and a 12-month high of $24.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The stock has a market capitalization of $863.05 million, a PE ratio of 31.35 and a beta of 0.54. The firm has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $20.35.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). The firm had revenue of $150.53 million for 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%. As a group, equities research analysts expect that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s payout ratio is currently 26.67%.

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.