Connor Clark & Lunn Investment Management Ltd. Invests $4.01 Million in LSI Industries Inc. $LYTS

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 150,739 shares of the construction company’s stock, valued at approximately $4,007,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in LSI Industries by 205.0% during the 4th 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. Rockefeller Capital Management L.P. boosted its holdings in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after purchasing an additional 625 shares during the period. Strs Ohio acquired a new stake in LSI Industries in the 1st quarter worth $34,000. New York State Teachers Retirement System acquired a new stake in LSI Industries in the 4th quarter worth $36,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of LSI Industries during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Wilfred T. Ogara sold 10,369 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the sale, the director directly owned 103,686 shares in the company, valued at $2,497,795.74. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Anthony Clark sold 23,706 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total value of $476,253.54. Following the sale, the chief executive officer directly owned 609,641 shares of the company’s stock, valued at $12,247,687.69. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 106,714 shares of company stock valued at $2,178,057 over the last quarter. 7.30% of the stock is owned by insiders.

Analyst Ratings Changes

LYTS has been the subject of a number of research analyst reports. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Oppenheimer lowered their price target 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. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three equities research 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

LSI Industries Stock Down 0.5%

Shares of NASDAQ:LYTS opened at $20.17 on Friday. LSI Industries Inc. has a 52 week low of $17.20 and a 52 week high of $27.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The company’s fifty day moving average is $24.17 and its 200-day moving average is $22.63. The company has a market capitalization of $740.48 million, a PE ratio of 30.10 and a beta of 0.56.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $234.62 million for the quarter, compared to analysts’ expectations of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. Equities research analysts predict that LSI Industries Inc. will post 0.82 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, September 8th. Stockholders of record on Monday, August 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries’s payout ratio is presently 29.85%.

More LSI Industries News

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

• Positive Sentiment: Fourth-quarter results exceeded expectations. Fiscal fourth-quarter sales rose 51% year over year to $234.6 million, helped by the Royston acquisition, while adjusted diluted EPS increased to $0.38 from $0.34 and topped the $0.35 consensus estimate. LSI Industries Fourth-Quarter Results
• Positive Sentiment: Longer-term analyst projections remain favorable. HC Wainwright reiterated its Buy rating and raised its EPS forecasts for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, while projecting $3.16 for fiscal 2031. The company also declared a quarterly dividend of $0.05 per share, or $0.20 annualized.
• Neutral Sentiment: Management characterized the period as transformational. The earnings call emphasized LSI Industries’ ongoing transformation, but investors appear focused on whether the reported sales growth can continue as acquisition benefits fade. LSI Industries Earnings Call Highlights
• Negative Sentiment: Near-term earnings expectations were cut sharply. HC Wainwright reduced its fiscal 2027 EPS estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. Although the firm maintained its Buy rating, the reduction signals weaker near-term momentum and is below the current full-year consensus estimate of $1.13.
• Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas A. Caneris collectively sold tens of thousands of shares in transactions from August 24–26, worth roughly $1.5 million. Each retained a substantial position, but the cluster of sales may undermine investor confidence.

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.