LSI Industries Inc. (NASDAQ:LYTS) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,895 shares of the construction company’s stock after purchasing an additional 1,652 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of LSI Industries worth $1,590,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Systematic Financial Management LP grew its stake in shares of LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after buying an additional 162,160 shares in the last quarter. State Street Corp raised its position in LSI Industries by 1.1% during the third quarter. State Street Corp now owns 574,275 shares of the construction company’s stock valued at $9,275,000 after acquiring an additional 6,098 shares in the last quarter. Annex Advisory Services LLC lifted its stake in LSI Industries by 28.7% in the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after acquiring an additional 30,464 shares during the last quarter. FMR LLC grew its position in LSI Industries by 24.0% in the third quarter. FMR LLC now owns 86,748 shares of the construction company’s stock worth $1,401,000 after acquiring an additional 16,780 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of LSI Industries by 1.4% during the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock worth $1,328,000 after purchasing an additional 1,102 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LYTS shares. Canaccord Genuity Group lifted their price objective on shares of 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 boosted their price target on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, StockNews.com lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday.

LSI Industries Price Performance

Shares of LSI Industries stock opened at $17.19 on Friday. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The firm has a fifty day simple moving average of $19.29 and a 200-day simple moving average of $18.60. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $514.34 million, a price-to-earnings ratio of 22.32 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, sell-side analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

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.