Thomas Caneris Sells 5,474 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 5,474 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $19.78, for a total value of $108,275.72. Following the sale, the executive vice president directly owned 81,839 shares in the company, valued at approximately $1,618,775.42. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

LSI Industries Price Performance

Shares of LYTS stock traded down $0.38 on Wednesday, reaching $20.27. The company had a trading volume of 495,662 shares, compared to its average volume of 350,959. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a one year low of $17.20 and a one year high of $27.36. The stock has a market capitalization of $744.11 million, a PE ratio of 30.25 and a beta of 0.56. The business’s 50-day moving average is $24.40 and its 200 day moving average is $22.66.

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

LSI Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LYTS shares. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a report on Friday, August 21st. Oppenheimer decreased their target price on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 21st. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Finally, Weiss Ratings lowered shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.00.

Institutional Investors Weigh In On LSI Industries

Several institutional investors have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC purchased a new stake in LSI Industries during the first quarter valued at approximately $560,000. Strs Ohio bought a new position in LSI Industries in the first quarter worth approximately $34,000. Finally, Quantbot Technologies LP raised its position in LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after acquiring an additional 3,206 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

More LSI Industries News

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: HC Wainwright maintained its “Buy” rating and raised its EPS forecasts for fiscal 2028 to $1.55 from $1.52, fiscal 2029 to $2.04 from $1.96, and fiscal 2030 to $2.54 from $2.45. The firm projects EPS could reach $3.16 by fiscal 2031, compared with the current-year consensus of $1.18, supporting the growth thesis for LSI Industries.
• Positive Sentiment: Insider buying provides a confidence signal: Director Ernest Marshall Jr. purchased 2,000 shares at $19.73, increasing his position by 7.51%. Insider Buying: LSI Industries Director Buys 2,000 Shares
• Positive Sentiment: Recent results beat expectations: LSI Industries reported quarterly EPS of $0.38 versus the $0.35 consensus and revenue of $234.62 million versus estimates of $222.78 million. The earnings call characterized the past year as transformational, potentially reinforcing confidence in the company’s strategic progress. LSI Industries Earnings Call Highlights Transformational Year
• Neutral Sentiment: Shareholder returns remain modest: The company declared a quarterly dividend of $0.05, or $0.20 annually, representing an approximately 1% yield and a payout ratio near 30%.
• Neutral Sentiment: Short-interest data offers little insight: Reported short interest was zero shares, so there is no meaningful short-covering or short-squeeze factor affecting the stock.
• Negative Sentiment: Mixed analyst signals and technical weakness may be weighing on sentiment: Oppenheimer reduced its price target to $29 from $30, while some firms maintain Hold ratings. LYTS is also trading below both its 50-day and 200-day moving averages, indicating near-term selling pressure despite the longer-term earnings optimism.

LSI Industries Company Profile

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.