Ernest Marshall, Jr. Purchases 2,000 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Ernest Marshall, Jr. bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $19.73 per share, for a total transaction of $39,460.00. Following the acquisition, the director directly owned 28,643 shares of the company’s stock, valued at $565,126.39. This represents a 7.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

LSI Industries Stock Up 5.4%

LYTS stock opened at $20.65 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $24.40 and a two-hundred day moving average price of $22.66. The company has a market cap of $758.06 million, a price-to-earnings ratio of 30.82 and a beta of 0.56. LSI Industries Inc. has a twelve month low of $17.20 and a twelve month high of $27.36.

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

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be issued 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 is Monday, August 31st. LSI Industries’s payout ratio is presently 29.85%.

Institutional Trading of LSI Industries

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in LSI Industries by 205.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after buying an additional 1,031 shares during the last quarter. Rockefeller Capital Management L.P. lifted 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 during the last quarter. Ameritas Advisory Services LLC acquired a new stake in LSI Industries during the second quarter worth approximately $31,000. Strs Ohio bought a new stake in shares of LSI Industries during the first quarter worth approximately $34,000. Finally, New York State Teachers Retirement System acquired a new position in shares of LSI Industries in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LYTS. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Oppenheimer reduced their price target on LSI Industries from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 21st. Morgan Stanley set a $30.00 price target on LSI Industries in a research report on Friday. Finally, HC Wainwright restated a “buy” rating on shares of LSI Industries in a research note on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.