Savant Capital LLC Acquires New Stake in LSI Industries Inc. (NASDAQ:LYTS)

Savant Capital LLC bought a new position in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 18,968 shares of the construction company’s stock, valued at approximately $368,000. Savant Capital LLC owned about 0.06% of LSI Industries as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC boosted its holdings in LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after acquiring an additional 37,660 shares during the period. Bleakley Financial Group LLC boosted its holdings in LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after acquiring an additional 24,096 shares during the period. SG Americas Securities LLC boosted its holdings in LSI Industries by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares during the period. Catalina Capital Group LLC purchased a new position in LSI Industries during the 4th quarter valued at about $253,000. Finally, State Street Corp boosted its holdings in LSI Industries by 1.1% during the 3rd 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 during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Trading Up 3.5 %

LYTS opened at $20.78 on Tuesday. The firm has a market cap of $620.08 million, a price-to-earnings ratio of 26.99 and a beta of 0.94. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The business’s 50 day moving average is $20.07 and its two-hundred day moving average is $18.02. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

LSI Industries (NASDAQ:LYTS) last released its 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 11.42%. On average, research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. LSI Industries’s payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

LYTS has been the subject of a number of research analyst reports. HC Wainwright raised their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 24th. Canaccord Genuity Group lifted their price objective on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

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.