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

LSI Industries Inc. (NASDAQ:LYTS) EVP Thomas Caneris sold 3,170 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total value of $64,287.60. Following the completion of the transaction, the executive vice president 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 can be accessed through the SEC website.

LSI Industries Price Performance

LSI Industries stock 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 firm has a market capitalization of $740.48 million, a price-to-earnings ratio of 30.10 and a beta of 0.56. 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 company has a fifty day simple moving average of $24.17 and a 200-day simple moving average of $22.63.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. The company had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. On average, equities analysts anticipate that LSI Industries Inc. will post 0.82 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. LSI Industries’s payout ratio is 29.85%.

Key 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.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its stake in shares of LSI Industries by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares during the period. Jane Street Group LLC purchased a new position in shares of LSI Industries during the 1st quarter worth approximately $560,000. Strs Ohio acquired a new stake in LSI Industries in the 1st quarter valued at approximately $34,000. Finally, Quantbot Technologies LP raised its position in LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after purchasing an additional 3,206 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Oppenheimer decreased their target price on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. Morgan Stanley set a $30.00 price target on shares of LSI Industries in a research report on Friday, August 21st. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. HC Wainwright reiterated a “buy” rating on shares of LSI Industries in a research report on Friday, August 21st. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to 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.