LSI Industries Inc. $LYTS is Juniper Investment Company LLC’s 7th Largest Position

Juniper Investment Company LLC increased its position in LSI Industries Inc. (NASDAQ:LYTS) by 211.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 341,504 shares of the construction company’s stock after acquiring an additional 231,693 shares during the quarter. LSI Industries comprises 2.2% of Juniper Investment Company LLC’s investment portfolio, making the stock its 7th largest holding. Juniper Investment Company LLC’s holdings in LSI Industries were worth $6,256,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LYTS. Northwestern Mutual Wealth Management Co. boosted its position in shares of LSI Industries by 205.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,534 shares of the construction company’s stock valued at $28,000 after acquiring an additional 1,031 shares during the last quarter. Strs Ohio bought a new stake in LSI Industries in the 1st quarter worth approximately $34,000. New York State Teachers Retirement System bought a new stake in LSI Industries in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC bought a new stake in LSI Industries in the 2nd quarter worth approximately $47,000. Finally, Clearstead Advisors LLC lifted its position in LSI Industries by 191.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,783 shares of the construction company’s stock worth $51,000 after buying an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

LYTS has been the subject of a number of recent research reports. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Oppenheimer initiated coverage on LSI Industries in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 price target on the stock. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.75.

Insider Buying and Selling

In related news, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the sale, the director directly owned 103,686 shares of the company’s stock, valued at $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James E. Galeese sold 136,578 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $3,317,479.62. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. The trade was a 44.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 256,173 shares of company stock valued at $6,220,368 over the last ninety days. Company insiders own 7.30% of the company’s stock.

LSI Industries Price Performance

LYTS opened at $25.35 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries Inc. has a 52-week low of $16.05 and a 52-week high of $26.56. The stock has a market capitalization of $930.60 million, a PE ratio of 33.80 and a beta of 0.53. The stock’s 50 day moving average price is $22.85 and its 200-day moving average price is $21.02.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). The business had revenue of $150.53 million for the quarter, compared to analysts’ expectations of $163.53 million. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. On average, equities research analysts predict that LSI Industries Inc. will post 0.78 EPS for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s dividend payout ratio is presently 26.67%.

LSI Industries 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.