LSI Industries (NASDAQ:LYTS) EVP Thomas Caneris Sells 109,226 Shares

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 109,226 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $2,653,099.54. Following the sale, the executive vice president owned 64,790 shares in the company, valued at $1,573,749.10. The trade was a 62.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

LSI Industries Stock Performance

LYTS opened at $24.10 on Tuesday. LSI Industries Inc. has a 52-week low of $15.92 and a 52-week high of $24.99. The firm has a market capitalization of $884.71 million, a PE ratio of 32.13 and a beta of 0.53. 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 business’s 50-day simple moving average is $21.54 and its 200 day simple moving average is $20.49.

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

LSI Industries Dividend Announcement

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

Institutional Trading of LSI Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its stake in LSI Industries by 205.0% in the fourth 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 period. Rockefeller Capital Management L.P. grew its position in shares of LSI Industries by 57.4% in the fourth 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 last quarter. New York State Teachers Retirement System acquired a new position in shares of LSI Industries in the fourth quarter valued at approximately $36,000. Strs Ohio acquired a new position in shares of LSI Industries in the first quarter valued at approximately $34,000. Finally, Quarry LP acquired a new position in shares of LSI Industries in the third quarter valued at approximately $55,000. Institutional investors own 73.91% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LYTS shares. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, LSI Industries currently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

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.