LSI Industries Inc. (LYTS) to Issue Quarterly Dividend of $0.05 on May 12th

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, May 4th will be given a dividend of 0.05 per share by the construction company on Tuesday, May 12th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, May 4th.

LSI Industries has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 15.0%.

LSI Industries Trading Down 1.7%

Shares of LYTS stock opened at $23.89 on Friday. The company has a market capitalization of $743.70 million, a PE ratio of 31.85 and a beta of 0.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 2.15. The business’s fifty day moving average is $20.18 and its 200 day moving average is $20.31. LSI Industries has a 52-week low of $15.31 and a 52-week high of $24.75.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a return on equity of 9.95% and a net margin of 3.91%.The company had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. On average, equities research analysts anticipate that LSI Industries will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On LSI Industries

Several large investors have recently bought and sold shares of LYTS. Northwestern Mutual Wealth Management Co. raised its holdings in shares of LSI Industries by 205.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after purchasing an additional 1,031 shares during the last quarter. State of Alaska Department of Revenue bought a new position in LSI Industries in the 3rd quarter worth $38,000. Rockefeller Capital Management L.P. lifted 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 valued at $31,000 after buying an additional 625 shares in the last quarter. New York State Teachers Retirement System purchased a new position in LSI Industries during the fourth quarter valued at approximately $36,000. Finally, Strs Ohio purchased a new position in shares of LSI Industries during the 1st quarter valued at $34,000. 73.91% of the stock is currently owned by institutional investors.

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.