NBW Capital LLC Lowers Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

NBW Capital LLC lowered its position in LSI Industries Inc. (NASDAQ:LYTS) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 134,565 shares of the construction company’s stock after selling 3,093 shares during the period. NBW Capital LLC’s holdings in LSI Industries were worth $2,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LYTS. Bailard Inc. bought a new position in LSI Industries during the fourth quarter valued at about $260,000. Proficio Capital Partners LLC bought a new position in LSI Industries during the fourth quarter valued at about $317,000. Navellier & Associates Inc. grew its position in LSI Industries by 13.9% during the fourth quarter. Navellier & Associates Inc. now owns 31,064 shares of the construction company’s stock valued at $603,000 after buying an additional 3,785 shares during the period. Allspring Global Investments Holdings LLC grew its position in LSI Industries by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock valued at $910,000 after buying an additional 1,876 shares during the period. Finally, Savant Capital LLC bought a new position in LSI Industries during the fourth quarter valued at about $368,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $17.82 on Tuesday. 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 firm has a market capitalization of $533.19 million, a PE ratio of 23.14 and a beta of 0.94. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The company has a 50-day moving average price of $19.99 and a two-hundred day moving average price of $18.32.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share 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%. Equities analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company 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 1.12%. 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.