Swiss National Bank Grows Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Swiss National Bank boosted its position in LSI Industries Inc. (NASDAQ:LYTS) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,700 shares of the construction company’s stock after purchasing an additional 1,300 shares during the period. Swiss National Bank owned about 0.18% of LSI Industries worth $1,023,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in LSI Industries during the third quarter valued at about $39,000. Fortitude Family Office LLC increased its holdings in LSI Industries by 1,559.9% in the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after acquiring an additional 2,995 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of LSI Industries in the third quarter worth about $205,000. Centiva Capital LP purchased a new stake in shares of LSI Industries during the 3rd quarter worth approximately $220,000. Finally, Catalina Capital Group LLC purchased a new stake in LSI Industries during the fourth quarter valued at $253,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

LYTS stock opened at $17.19 on Friday. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The firm has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $18.60. 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 firm has a market cap of $514.34 million, a price-to-earnings ratio of 22.32 and a beta of 1.00.

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

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.16%. LSI Industries’s payout ratio is presently 25.97%.

Analyst Ratings Changes

LYTS has been the subject of several analyst reports. HC Wainwright raised their price objective on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Canaccord Genuity Group upped their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

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.