LSI Industries Inc. $LYTS Shares Sold by Boston Partners

Boston Partners cut its stake in LSI Industries Inc. (NASDAQ:LYTS) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,695 shares of the construction company’s stock after selling 2,975 shares during the period. Boston Partners owned approximately 0.63% of LSI Industries worth $3,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYTS. Strs Ohio acquired a new stake in LSI Industries in the first quarter worth approximately $34,000. Coppell Advisory Solutions LLC raised its stake in shares of LSI Industries by 80,200.0% in the 1st quarter. Coppell Advisory Solutions LLC now owns 5,621 shares of the construction company’s stock worth $96,000 after buying an additional 5,614 shares in the last quarter. Ascent Group LLC acquired a new position in LSI Industries during the first quarter worth about $189,000. State of Wyoming bought a new stake in LSI Industries in the first quarter worth about $244,000. Finally, Corton Capital Inc. acquired a new stake in LSI Industries in the 2nd quarter valued at about $253,000. Institutional investors own 73.91% of the company’s stock.

Insider Transactions at LSI Industries

In related news, VP Thomas A. Caneris sold 7,544 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $174,115.52. Following the completion of the sale, the vice president directly owned 114,016 shares in the company, valued at approximately $2,631,489.28. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $613,858.76. Following the transaction, the chief executive officer directly owned 421,313 shares in the company, valued at $9,723,904.04. The trade was a 5.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 94,780 shares of company stock valued at $2,198,983 over the last three months. 7.30% of the stock is owned by corporate insiders.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $18.40 on Friday. The company’s fifty day moving average is $22.47 and its two-hundred day moving average is $19.42. The company has a market cap of $572.11 million, a P/E ratio of 23.29 and a beta of 0.25. LSI Industries Inc. has a 12-month low of $13.77 and a 12-month high of $25.50. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19.

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

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 17th will be issued a $0.05 dividend. The ex-dividend date is Monday, November 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. LSI Industries’s dividend payout ratio is currently 25.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LYTS shares. Weiss Ratings cut shares of LSI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen cut shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group upped their price target on LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 25th. Craig Hallum reissued a “buy” rating and set a $28.00 price objective on shares of LSI Industries in a research note on Friday, August 22nd. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Company 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.