LSI Industries Inc. (LYTS) To Go Ex-Dividend on August 31st

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, August 20th. Investors of record on Monday, August 31st will be given a dividend of 0.05 per share by the construction company on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st.

LSI Industries has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.44 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 13.9%.

LSI Industries Price Performance

LYTS stock opened at $20.34 on Friday. LSI Industries has a one year low of $17.20 and a one year high of $27.36. The firm has a 50-day moving average of $24.59 and a two-hundred day moving average of $22.69. The firm has a market capitalization of $746.72 million, a PE ratio of 30.36 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

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

Insider Buying and Selling

In related news, Director Wilfred T. Ogara sold 10,369 shares of LSI Industries stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director owned 103,686 shares of the company’s stock, valued at $2,497,795.74. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas A. Caneris sold 109,226 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the completion of the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at approximately $1,573,749.10. The trade was a 62.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 256,173 shares of company stock worth $6,220,368 in the last quarter. Insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in LSI Industries in the second quarter valued at approximately $41,000. PenderFund Capital Management Ltd. bought a new stake in LSI Industries during the second quarter worth $41,000. Rockefeller Capital Management L.P. raised its position in LSI Industries by 57.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after acquiring an additional 625 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in LSI Industries in the fourth quarter valued at $36,000. Finally, Strs Ohio acquired a new stake in LSI Industries in the first quarter valued at $34,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

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.