LSI Industries (NASDAQ:LYTS) CFO James Galeese Sells 136,578 Shares of Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 136,578 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the completion of the transaction, the chief financial officer owned 173,288 shares of the company’s stock, valued at $4,209,165.52. The trade was a 44.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

LSI Industries Price Performance

LYTS opened at $24.10 on Tuesday. The company has a market capitalization of $884.71 million, a price-to-earnings ratio of 32.13 and a beta of 0.53. 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 firm has a 50-day moving average price of $21.54 and a 200-day moving average price of $20.49. LSI Industries Inc. has a twelve month low of $15.92 and a twelve month high of $24.99.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). The business had revenue of $150.53 million during the quarter, compared to analysts’ expectations of $163.53 million. LSI Industries had a return on equity of 8.90% and a net margin of 3.91%. Equities analysts expect that LSI Industries Inc. will post 0.81 EPS for the current year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. LSI Industries’s dividend payout ratio (DPR) is presently 26.67%.

Hedge Funds Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of LYTS. 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 worth $28,000 after buying an additional 1,031 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake 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 worth $31,000 after buying an additional 625 shares in the last quarter. Strs Ohio purchased a new position in LSI Industries in the 1st quarter worth approximately $34,000. New York State Teachers Retirement System purchased a new position in LSI Industries in the 4th quarter worth approximately $36,000. Finally, EverSource Wealth Advisors LLC purchased a new position in LSI Industries in the 2nd quarter worth approximately $47,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Three research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

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.