LSI Industries (NASDAQ:LYTS) Hits New 12-Month High – What’s Next?

Shares of LSI Industries Inc. (NASDAQ:LYTS) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.93 and last traded at $20.92, with a volume of 11398 shares traded. The stock had previously closed at $20.79.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research report on Friday, August 16th.

LSI Industries Stock Performance

The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. The stock’s 50-day moving average is $16.40 and its 200-day moving average is $15.62. The stock has a market cap of $617.26 million, a price-to-earnings ratio of 26.25 and a beta of 0.87.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $129.01 million during the quarter, compared to the consensus estimate of $127.28 million. LSI Industries had a return on equity of 11.90% and a net margin of 4.88%. On average, analysts expect that LSI Industries Inc. will post 0.88 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a $0.05 dividend. The ex-dividend date is Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. LSI Industries’s payout ratio is 25.32%.

Insiders Place Their Bets

In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $485,632.67. Following the sale, the chief executive officer now owns 361,099 shares in the company, valued at approximately $5,261,212.43. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $485,632.67. Following the transaction, the chief executive officer now owns 361,099 shares in the company, valued at $5,261,212.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas A. Caneris sold 9,748 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $142,028.36. Following the transaction, the vice president now owns 98,656 shares in the company, valued at $1,437,417.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,903 shares of company stock worth $756,227. 8.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently modified their holdings of LYTS. Vanguard Group Inc. raised its position in LSI Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 1,448,831 shares of the construction company’s stock worth $21,906,000 after purchasing an additional 14,559 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in LSI Industries by 12.8% in the second quarter. First Eagle Investment Management LLC now owns 446,722 shares of the construction company’s stock valued at $6,464,000 after buying an additional 50,624 shares during the period. Archon Capital Management LLC boosted its position in shares of LSI Industries by 3.0% in the 1st quarter. Archon Capital Management LLC now owns 394,760 shares of the construction company’s stock worth $5,969,000 after purchasing an additional 11,544 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of LSI Industries by 8.4% during the first quarter. Hillsdale Investment Management Inc. now owns 343,353 shares of the construction company’s stock worth $5,191,000 after purchasing an additional 26,600 shares during the period. Finally, American Century Companies Inc. grew its position in shares of LSI Industries by 38.2% during the 2nd quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock worth $4,954,000 after buying an additional 94,564 shares during the period. 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.