LSI Industries Inc. (LYTS) To Go Ex-Dividend on February 2nd

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.05 per share by the construction company on Tuesday, February 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, February 2nd.

LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.01 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 19.8%.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $22.11 on Friday. The company’s 50-day moving average is $19.35 and its two-hundred day moving average is $20.47. LSI Industries has a 1-year low of $13.77 and a 1-year high of $24.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.19 and a quick ratio of 1.36. The firm has a market capitalization of $687.40 million, a price-to-earnings ratio of 26.96 and a beta of 0.18.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 22nd. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03. LSI Industries had a net margin of 4.34% and a return on equity of 11.10%. The company had revenue of $147.00 million during the quarter, compared to analyst estimates of $140.11 million. Analysts forecast that LSI Industries will post 0.7 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in LSI Industries during the 3rd quarter worth approximately $849,000. Archon Capital Management LLC raised its stake in shares of LSI Industries by 67.8% during the 2nd quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company’s stock worth $4,846,000 after buying an additional 115,124 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of LSI Industries in the 2nd quarter worth about $473,000. Corton Capital Inc. acquired a new stake in LSI Industries in the 2nd quarter valued at about $253,000. Finally, Aristides Capital LLC increased its holdings in LSI Industries by 133.5% during the 2nd quarter. Aristides Capital LLC now owns 51,600 shares of the construction company’s stock valued at $878,000 after acquiring an additional 29,500 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Company Profile

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.