LSI Industries (NASDAQ:LYTS) Director Ernest Marshall, Jr. Buys 2,000 Shares of Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Ernest Marshall, Jr. purchased 2,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were bought at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the completion of the transaction, the director directly owned 28,643 shares in the company, valued at approximately $565,126.39. This trade represents a 7.51% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

LSI Industries Trading Down 3.7%

NASDAQ:LYTS opened at $19.59 on Tuesday. LSI Industries Inc. has a 12-month low of $17.20 and a 12-month high of $27.36. The firm has a market capitalization of $719.19 million, a P/E ratio of 29.24 and a beta of 0.56. 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 business has a 50 day simple moving average of $24.48 and a 200 day simple moving average of $22.68.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%. Equities research analysts predict that LSI Industries Inc. will post 1.18 EPS for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. LSI Industries’s dividend payout ratio is currently 29.85%.

Analyst Ratings Changes

Several analysts recently weighed in on LYTS shares. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. HC Wainwright restated a “buy” rating on shares of LSI Industries in a research report on Friday. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a research note on Friday. Oppenheimer cut their price target on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Wall Street Zen downgraded 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYTS. Ameritas Advisory Services LLC acquired a new stake in LSI Industries in the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. acquired a new position in LSI Industries during the 2nd quarter valued at about $41,000. PenderFund Capital Management Ltd. acquired a new position in LSI Industries during the 2nd quarter valued at about $41,000. Rockefeller Capital Management L.P. raised its position in shares of LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after buying an additional 625 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of LSI Industries in the 4th quarter worth approximately $36,000. 73.91% of the stock is owned by institutional investors and hedge funds.

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.