Anderson Financial Strategies LLC Buys New Shares in LSI Industries Inc. (NASDAQ:LYTS)

Anderson Financial Strategies LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 65,854 shares of the construction company's stock, valued at approximately $1,279,000. LSI Industries makes up approximately 0.8% of Anderson Financial Strategies LLC's portfolio, making the stock its 26th biggest holding. Anderson Financial Strategies LLC owned approximately 0.22% of LSI Industries as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Northern Trust Corp lifted its stake in shares of LSI Industries by 9.9% in the 4th quarter. Northern Trust Corp now owns 268,521 shares of the construction company's stock worth $5,215,000 after acquiring an additional 24,121 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of LSI Industries in the fourth quarter worth $46,000. Price T Rowe Associates Inc. MD raised its holdings in shares of LSI Industries by 9.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,911 shares of the construction company's stock valued at $504,000 after buying an additional 2,206 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of LSI Industries in the fourth quarter worth about $186,000. Finally, MetLife Investment Management LLC increased its position in shares of LSI Industries by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after purchasing an additional 1,362 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. HC Wainwright reissued a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a report on Friday, April 25th. StockNews.com downgraded shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group decreased their target price on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, April 25th.

LSI Industries Stock Performance

Shares of LYTS traded up $0.59 during mid-day trading on Thursday, hitting $16.17. The stock had a trading volume of 50,183 shares, compared to its average volume of 132,438. The business has a fifty day moving average price of $16.45 and a 200-day moving average price of $18.50. 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 $483.82 million, a P/E ratio of 21.00 and a beta of 0.25. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The company had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. On average, equities research analysts expect that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Monday, May 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, May 5th. LSI Industries's dividend payout ratio is currently 27.78%.

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.