Navellier & Associates Inc. Increases Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Navellier & Associates Inc. lifted its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 13.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,064 shares of the construction company’s stock after acquiring an additional 3,785 shares during the quarter. Navellier & Associates Inc.’s holdings in LSI Industries were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after acquiring an additional 1,876 shares during the period. Savant Capital LLC bought a new stake in LSI Industries during the 4th quarter worth approximately $368,000. Bleakley Financial Group LLC increased its holdings in LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock worth $672,000 after acquiring an additional 24,096 shares during the period. Catalina Capital Group LLC bought a new stake in LSI Industries during the 4th quarter worth approximately $253,000. Finally, SG Americas Securities LLC increased its holdings in LSI Industries by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock worth $274,000 after acquiring an additional 2,731 shares during the period. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYTS. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $19.29 on Friday. The company’s fifty day moving average price is $20.08 and its 200-day moving average price is $18.15. The firm has a market capitalization of $577.15 million, a price-to-earnings ratio of 25.05 and a beta of 0.94. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, equities research analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s payout ratio is 25.97%.

LSI Industries 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.