LSI Industries (NASDAQ:LYTS) Trading Down 5.7% – Time to Sell?

LSI Industries Inc. (NASDAQ:LYTS) dropped 5.7% during trading on Tuesday . The stock traded as low as $17.37 and last traded at $17.3450. Approximately 2,467 shares changed hands during trading, a decline of 98% from the average daily volume of 156,849 shares. The stock had previously closed at $18.40.

Wall Street Analyst Weigh In

LYTS has been the subject of several analyst reports. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Craig Hallum reaffirmed a “buy” rating and set a $28.00 price target on shares of LSI Industries in a research report on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a report on Monday. Wall Street Zen downgraded shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Canaccord Genuity Group raised their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

LSI Industries Stock Up 1.0%

The firm’s 50-day moving average price is $22.02 and its 200 day moving average price is $19.48. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The firm has a market cap of $541.64 million, a P/E ratio of 22.05 and a beta of 0.25.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%.The firm had revenue of $97.02 million during the quarter. As a group, research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. LSI Industries’s payout ratio is presently 25.00%.

Insider Activity at LSI Industries

In related news, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $613,858.76. Following the completion of the transaction, the chief executive officer owned 421,313 shares of the company’s stock, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas A. Caneris sold 7,544 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $174,115.52. Following the sale, the vice president directly owned 114,016 shares of the company’s stock, valued at approximately $2,631,489.28. The trade was a 6.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 94,780 shares of company stock valued at $2,198,983. 7.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYTS. Crestwood Advisors Group LLC bought a new position in LSI Industries in the 1st quarter worth approximately $451,000. Knights of Columbus Asset Advisors LLC raised its stake in shares of LSI Industries by 160.9% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 118,035 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 72,801 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of LSI Industries by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company’s stock valued at $389,000 after purchasing an additional 643 shares during the period. Vanguard Group Inc. grew its position in shares of LSI Industries by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company’s stock valued at $27,613,000 after purchasing an additional 47,341 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of LSI Industries during the first quarter worth $1,432,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.