LSI Industries (NASDAQ:LYTS) EVP Thomas Caneris Sells 3,170 Shares

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 3,170 shares of LSI Industries stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $64,287.60. Following the sale, the executive vice president directly owned 73,109 shares in the company, valued at $1,482,650.52. The trade was a 4.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

LSI Industries Trading Down 0.5%

LYTS stock traded down $0.10 during trading on Thursday, reaching $20.17. The company had a trading volume of 443,960 shares, compared to its average volume of 351,525. LSI Industries Inc. has a 52 week low of $17.20 and a 52 week high of $27.36. The company has a market cap of $740.44 million, a P/E ratio of 30.10 and a beta of 0.56. The business has a 50 day moving average of $24.29 and a 200 day moving average of $22.65. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $234.62 million during 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%. As a group, sell-side analysts forecast that LSI Industries Inc. will post 1.13 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be given 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 (DPR) is 29.85%.

Institutional Trading of LSI Industries

Several institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. raised its stake in shares of LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after purchasing an additional 500 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of LSI Industries by 1.2% during the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after purchasing an additional 536 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of LSI Industries by 28.5% during the first quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of 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 valued at $31,000 after buying an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in LSI Industries by 11.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after buying an additional 635 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Key LSI Industries News

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

• Positive Sentiment: HC Wainwright retained its Buy rating and raised long-term earnings forecasts. The firm increased its EPS estimates for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, and projects $3.16 in fiscal 2031. These forecasts suggest confidence in LSI Industries’ longer-term transformation and growth potential.
• Positive Sentiment: Recent quarterly results exceeded expectations. LSI Industries reported EPS of $0.38 versus the $0.35 consensus, while revenue of $234.62 million surpassed the $222.78 million estimate. The company also declared a quarterly dividend of $0.05 per share, equal to a 1.0% annualized yield. LSI Industries financial results
• Neutral Sentiment: Management characterized the earnings call as a “transformational year.” The headline is potentially encouraging, but the available report provides limited detail about specific initiatives, financial targets or operating trends. LSI Industries Earnings Call Highlights Transformational Year
• Negative Sentiment: HC Wainwright sharply cut its fiscal 2027 EPS forecast. The estimate fell to $0.72 from $1.33, below the current full-year consensus of $1.13. Its $0.03 second-quarter forecast also points to potentially weak near-term earnings momentum, despite the continued Buy rating.
• Negative Sentiment: Several senior executives sold shares. CEO James Anthony Clark sold approximately 47,046 shares, CFO James E. Galeese sold 16,410 shares, and EVP Thomas Caneris sold 11,034 shares in transactions conducted August 24–25. Each executive retained a substantial position, but coordinated selling by top management can undermine investor confidence. LSI Industries insider selling

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.