LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Boston Partners

Boston Partners decreased its position in LSI Industries Inc. (NASDAQ:LYTS) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197,382 shares of the construction company’s stock after selling 2,530 shares during the quarter. Boston Partners owned 0.66% of LSI Industries worth $3,833,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LYTS. Connor Clark & Lunn Investment Management Ltd. grew its holdings in LSI Industries by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock valued at $2,345,000 after purchasing an additional 494 shares in the last quarter. West Tower Group LLC boosted its position in LSI Industries by 21.2% in the 3rd quarter. West Tower Group LLC now owns 34,365 shares of the construction company’s stock valued at $555,000 after buying an additional 6,000 shares during the last quarter. FMR LLC grew its stake in shares of LSI Industries by 24.0% during the third quarter. FMR LLC now owns 86,748 shares of the construction company’s stock valued at $1,401,000 after acquiring an additional 16,780 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of LSI Industries by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,526 shares of the construction company’s stock worth $541,000 after acquiring an additional 2,702 shares during the last quarter. Finally, Martingale Asset Management L P lifted its stake in shares of LSI Industries by 1.4% in the third quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock worth $1,328,000 after acquiring an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS stock opened at $17.33 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The stock has a market capitalization of $518.53 million, a price-to-earnings ratio of 22.51 and a beta of 1.00. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The company’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $18.51.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Equities analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. LSI Industries’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LYTS. Canaccord Genuity Group raised their price objective on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th. HC Wainwright raised their price target on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

LSI Industries Company Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.