Wilfred Ogara Sells 10,369 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Wilfred Ogara sold 10,369 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $24.09, for a total transaction of $249,789.21. Following the sale, the director owned 103,686 shares in the company, valued at approximately $2,497,795.74. This represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

LSI Industries Stock Down 0.0%

LYTS stock opened at $24.09 on Wednesday. The firm has a market cap of $884.34 million, a PE ratio of 32.12 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 firm’s fifty day moving average is $21.54 and its 200 day moving average is $20.49. LSI Industries Inc. has a one year low of $15.99 and a one year high of $24.99.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). The firm had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. On average, research analysts forecast that LSI Industries Inc. will post 0.81 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were given 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 26.67%.

Hedge Funds Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in LSI Industries by 3.2% during the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company’s stock worth $39,133,000 after purchasing an additional 50,722 shares during the period. Dimensional Fund Advisors LP raised its stake in LSI Industries by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock worth $27,232,000 after purchasing an additional 6,783 shares during the period. AltraVue Capital LLC raised its stake in LSI Industries by 8.0% during the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after purchasing an additional 106,693 shares during the period. Royce & Associates LP raised its stake in LSI Industries by 16.4% during the fourth quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock worth $22,284,000 after purchasing an additional 171,124 shares during the period. Finally, Geode Capital Management LLC raised its stake in LSI Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company’s stock worth $13,985,000 after purchasing an additional 26,700 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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