LSI Industries (NASDAQ:LYTS) Shares Gap Down – Here’s What Happened

LSI Industries Inc. (NASDAQ:LYTS) shares gapped down prior to trading on Thursday . The stock had previously closed at $24.06, but opened at $22.74. LSI Industries shares last traded at $22.0450, with a volume of 54,991 shares.

Key Stories Impacting LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fiscal fourth-quarter revenue increased 51% year over year to $234.6 million, exceeding analysts’ $222.8 million estimate. Organic growth was 8%, led by Display Solutions sales of $164.2 million and Lighting sales of $70.5 million. LSI Industries Fiscal 2026 Results
• Positive Sentiment: Adjusted fourth-quarter EPS was $0.38, above the $0.35 consensus estimate, while adjusted net income reached $14.4 million. Full-year revenue rose 20% to a record $689.4 million, supporting the company’s growth narrative. LSI Industries Earnings Report
• Positive Sentiment: LSI declared a quarterly dividend of $0.05 per share, payable September 8 to shareholders of record August 31. The dividend provides ongoing shareholder income, although the annualized yield is approximately 1%. LSI Industries Dividend Announcement
• Neutral Sentiment: Oppenheimer lowered its price target from $30 to $29 but retained an “outperform” rating, implying substantial potential upside based on the referenced share price. The reduced target suggests a more cautious near-term outlook despite continued analyst support. Benzinga Analyst Update
• Negative Sentiment: GAAP fourth-quarter EPS was $0.18, below the $0.29 Zacks consensus and down from $0.26 a year earlier. Quarterly GAAP net income fell to $6.9 million from $8.2 million, while full-year net income declined to $22.6 million from $24.4 million. Zacks LSI Earnings Analysis
• Negative Sentiment: Recent insider activity showed eight sales and no purchases, including significant selling by executives, which may weigh on sentiment. LSI also had approximately $95 million available under its $350 million credit facility, highlighting leverage and liquidity considerations.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HC Wainwright reissued a “buy” rating on shares of LSI Industries in a research report on Friday. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Morgan Stanley set a $30.00 target price on shares of LSI Industries in a research note on Friday. Wall Street Zen cut shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Oppenheimer reduced their price target on shares of LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

LSI Industries Stock Performance

The stock has a market capitalization of $746.72 million, a P/E ratio of 30.36 and a beta of 0.56. The company’s 50-day moving average is $24.59 and its two-hundred day moving average is $22.69. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $234.62 million during the quarter, compared to analysts’ expectations of $222.78 million. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. As a group, sell-side analysts anticipate that LSI Industries Inc. will post 1.18 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries’s dividend payout ratio (DPR) is currently 29.85%.

Insider Buying and Selling at LSI Industries

In other news, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at approximately $1,573,749.10. This trade represents a 62.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James E. Galeese sold 136,578 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the sale, the chief financial officer owned 173,288 shares in the company, valued at approximately $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 256,173 shares of company stock valued at $6,220,368 in the last quarter. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On LSI Industries

Large investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in shares of LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after buying an additional 12,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of LSI Industries by 6.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock valued at $292,000 after acquiring an additional 1,113 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of LSI Industries during the first quarter valued at approximately $560,000. Strs Ohio acquired a new position in shares of LSI Industries during the first quarter valued at approximately $34,000. Finally, Quantbot Technologies LP increased its stake in shares of LSI Industries by 133.3% during the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after acquiring an additional 3,206 shares during the period. 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.