Insider Buying: LSI Industries (NASDAQ:LYTS) Director Purchases 2,000 Shares

LSI Industries Inc. (NASDAQ:LYTS) Director Ernest Marshall, Jr. purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $19.73 per share, with a total value of $39,460.00. Following the completion of the transaction, the director directly owned 28,643 shares of the company’s stock, valued at $565,126.39. The trade was a 7.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

LSI Industries Stock Performance

LSI Industries stock traded down $0.75 during mid-day trading on Monday, reaching $19.59. 843,608 shares of the company’s stock were exchanged, compared to its average volume of 347,714. The business’s fifty day simple moving average is $24.59 and its 200 day simple moving average is $22.69. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a one year low of $17.20 and a one year high of $27.36. The firm has a market capitalization of $719.15 million, a PE ratio of 29.24 and a beta of 0.56.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The firm had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%. On average, sell-side analysts expect that LSI Industries Inc. will post 1.18 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries’s payout ratio is presently 29.85%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LYTS. HC Wainwright restated a “buy” rating on shares of LSI Industries in a research note on Friday. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Oppenheimer dropped their price target on LSI Industries from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Morgan Stanley set a $30.00 price target on LSI Industries in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LSI Industries currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LYTS. AQR Capital Management LLC boosted its holdings in shares of LSI Industries by 26.7% in the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after purchasing an additional 1,113 shares in the last quarter. Jane Street Group LLC purchased a new stake in LSI Industries during the 1st quarter worth about $560,000. Strs Ohio bought a new position in LSI Industries in the 1st quarter worth about $34,000. Finally, Quantbot Technologies LP boosted its stake in LSI Industries by 133.3% in the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,206 shares during the period. 73.91% of the stock is owned by institutional investors.

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.