LSI Industries Inc. (NASDAQ:LYTS) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,356 shares of the construction company’s stock after buying an additional 7,741 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of LSI Industries worth $706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYTS. Martingale Asset Management L P lifted its position in shares of LSI Industries by 1.4% in the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock valued at $1,328,000 after acquiring an additional 1,102 shares in the last quarter. Swiss National Bank raised its stake in LSI Industries by 2.5% during the 4th quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 1,300 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company’s stock valued at $1,590,000 after purchasing an additional 1,652 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of LSI Industries by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after buying an additional 1,876 shares during the period. Finally, Quarry LP purchased a new position in shares of LSI Industries during the third quarter valued at $39,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Stock Performance

Shares of LYTS stock opened at $17.19 on Monday. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The stock’s 50-day moving average is $19.29 and its two-hundred day moving average is $18.62. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The firm has a market cap of $514.34 million, a P/E ratio of 22.32 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data 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%. Analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

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

Analysts Set New Price Targets

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

LSI Industries 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.