LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, August 17th, Fidelity reports. Stockholders of record on Monday, August 28th will be paid a dividend of 0.05 per share by the construction company on Wednesday, September 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, August 24th.

Shares of LSI Industries (NASDAQ:LYTS) opened at 5.65 on Wednesday. The stock has a 50 day moving average of $7.71 and a 200-day moving average of $8.95. LSI Industries has a 52 week low of $4.99 and a 52 week high of $11.55. The firm has a market cap of $145.23 million, a price-to-earnings ratio of 47.88 and a beta of 1.56.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. LSI Industries had a net margin of 0.91% and a return on equity of 3.15%. The company had revenue of $83.42 million during the quarter, compared to analyst estimates of $86.55 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that LSI Industries will post $0.20 earnings per share for the current year.

In other news, VP James E. Galeese acquired 16,700 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the purchase, the vice president now owns 330 shares of the company’s stock, valued at approximately $1,983.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP James E. Galeese acquired 9,025 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the purchase, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The disclosure for this purchase can be found here. Insiders have bought a total of 32,525 shares of company stock worth $190,675 over the last quarter. Company insiders own 5.36% of the company’s stock.

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Several research firms have issued reports on LYTS. Canaccord Genuity restated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a report on Monday, August 7th. Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Roth Capital downgraded shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a research report on Thursday, August 17th.

LSI Industries Company Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

Dividend History for LSI Industries (NASDAQ:LYTS)

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