Tower Research Capital LLC TRC Reduces Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Tower Research Capital LLC TRC cut its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 29.6% during the 4th quarter, Holdings Channel reports. The firm owned 4,045 shares of the construction company’s stock after selling 1,701 shares during the period. Tower Research Capital LLC TRC’s holdings in LSI Industries were worth $57,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LYTS. EAM Investors LLC bought a new stake in LSI Industries in the third quarter valued at $2,847,000. New York State Common Retirement Fund grew its holdings in shares of LSI Industries by 1,506.6% during the 3rd quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company’s stock worth $2,602,000 after acquiring an additional 153,673 shares during the period. Legato Capital Management LLC lifted its stake in shares of LSI Industries by 37.9% in the 4th quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock valued at $5,301,000 after purchasing an additional 103,480 shares during the period. Wedge Capital Management L L P NC purchased a new stake in LSI Industries in the fourth quarter worth $961,000. Finally, Los Angeles Capital Management LLC bought a new position in LSI Industries in the third quarter worth $1,073,000. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Stock Up 1.6 %

LYTS stock traded up $0.24 during midday trading on Monday, hitting $15.01. The company’s stock had a trading volume of 95,912 shares, compared to its average volume of 104,983. The company has a market cap of $436.34 million, a PE ratio of 16.14 and a beta of 0.85. The firm’s 50-day moving average is $14.60 and its 200-day moving average is $14.10. LSI Industries Inc. has a 12 month low of $11.44 and a 12 month high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.13. LSI Industries had a net margin of 5.97% and a return on equity of 14.93%. The firm had revenue of $109.01 million during the quarter, compared to analysts’ expectations of $107.70 million. On average, equities research analysts forecast that LSI Industries Inc. will post 0.89 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, May 6th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, May 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LYTS shares. HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a research report on Monday, April 22nd. StockNews.com raised LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. Finally, Canaccord Genuity Group raised their price target on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday.

About LSI Industries

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.