Janney Montgomery Scott LLC Raises Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Janney Montgomery Scott LLC boosted its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,911 shares of the construction company’s stock after purchasing an additional 1,535 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.16% of LSI Industries worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYTS. Swiss National Bank boosted its position in LSI Industries by 6.4% during the first quarter. Swiss National Bank now owns 51,400 shares of the construction company’s stock worth $777,000 after purchasing an additional 3,100 shares in the last quarter. Vanguard Group Inc. boosted its position in LSI Industries by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,448,831 shares of the construction company’s stock worth $21,906,000 after purchasing an additional 14,559 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in LSI Industries by 14.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,825 shares of the construction company’s stock worth $466,000 after purchasing an additional 4,000 shares in the last quarter. Archon Capital Management LLC lifted its position in shares of LSI Industries by 3.0% in the first quarter. Archon Capital Management LLC now owns 394,760 shares of the construction company’s stock valued at $5,969,000 after acquiring an additional 11,544 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of LSI Industries by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company’s stock valued at $345,000 after acquiring an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

NASDAQ LYTS opened at $20.07 on Monday. The company has a market cap of $598.89 million, a PE ratio of 25.41 and a beta of 0.87. The stock’s 50 day simple moving average is $16.77 and its 200-day simple moving average is $15.77. LSI Industries Inc. has a 1-year low of $12.53 and a 1-year high of $21.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.16.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. The business had revenue of $129.01 million for the quarter, compared to the consensus estimate of $127.28 million. As a group, equities research analysts anticipate that LSI Industries Inc. will post 0.88 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. LSI Industries’s payout ratio is 25.32%.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a research report on Friday, August 16th.

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.