Congress Wealth Management LLC DE Sells 42,510 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Congress Wealth Management LLC DE reduced its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 62.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,835 shares of the construction company’s stock after selling 42,510 shares during the quarter. Congress Wealth Management LLC DE’s holdings in LSI Industries were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of LYTS. Systematic Financial Management LP grew its position in shares of LSI Industries by 7.1% during the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock worth $39,392,000 after buying an additional 162,160 shares in the last quarter. Knights of Columbus Asset Advisors LLC bought a new position in LSI Industries during the 4th quarter worth about $878,000. Barclays PLC grew its holdings in LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after acquiring an additional 37,660 shares in the last quarter. Annex Advisory Services LLC increased its position in LSI Industries by 28.7% during the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after purchasing an additional 30,464 shares during the period. Finally, Bleakley Financial Group LLC increased its position 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 valued at $672,000 after purchasing an additional 24,096 shares during the period. 73.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. HC Wainwright lifted their price target on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday.

LSI Industries Stock Down 2.2 %

Shares of LSI Industries stock opened at $17.19 on Friday. LSI Industries Inc. has a 52-week low of $13.63 and a 52-week high of $25.50. The firm’s 50 day moving average price is $19.29 and its 200-day moving average price is $18.58. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The company has a market cap of $514.34 million, a P/E ratio of 22.32 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 25.97%.

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.