Anderson Financial Strategies LLC Purchases 13,160 Shares of LSI Industries Inc. $LYTS

Key Points

• Anderson Financial Strategies LLC increased its holdings in LSI Industries by 20.0% in Q1, owning 79,014 shares valued at approximately $1.34 million.
• Several large investors also boosted their positions in LSI Industries, including Coppell Advisory Solutions LLC, which increased its holdings by 80,200.0%.
• Research firms have given LSI Industries a consensus rating of "Buy" with an average price target of $27.67, highlighting positive analyst sentiment.

Anderson Financial Strategies LLC increased its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,014 shares of the construction company's stock after acquiring an additional 13,160 shares during the period. LSI Industries comprises about 0.8% of Anderson Financial Strategies LLC's holdings, making the stock its 27th largest holding. Anderson Financial Strategies LLC owned approximately 0.26% of LSI Industries worth $1,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of LSI Industries during the 1st quarter worth about $34,000. Coppell Advisory Solutions LLC grew its holdings in LSI Industries by 80,200.0% in the 1st quarter. Coppell Advisory Solutions LLC now owns 5,621 shares of the construction company's stock valued at $96,000 after buying an additional 5,614 shares during the last quarter. GAMMA Investing LLC grew its holdings in LSI Industries by 4,116.3% in the 1st quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock valued at $181,000 after buying an additional 10,373 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in shares of LSI Industries during the 4th quarter worth approximately $214,000. Finally, Ascent Group LLC acquired a new stake in shares of LSI Industries during the 1st quarter worth approximately $189,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LYTS shares. Craig Hallum restated a "buy" rating and set a $28.00 target price on shares of LSI Industries in a research report on Friday, August 22nd. Canaccord Genuity Group boosted their target price on LSI Industries from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Wall Street Zen upgraded LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LSI Industries presently has a consensus rating of "Buy" and a consensus price target of $27.67.

Insider Buying and Selling

In other LSI Industries news, CEO James Anthony Clark sold 26,597 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $613,858.76. Following the sale, the chief executive officer owned 421,313 shares of the company's stock, valued at approximately $9,723,904.04. This trade represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James E. Galeese sold 54,575 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $23.29, for a total value of $1,271,051.75. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,035,877.52. This represents a 23.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,780 shares of company stock valued at $2,198,983 over the last 90 days. 8.20% of the stock is owned by corporate insiders.

LSI Industries Price Performance

NASDAQ:LYTS traded up $0.03 during trading hours on Tuesday, reaching $23.00. 33,273 shares of the company were exchanged, compared to its average volume of 150,616. The company has a market capitalization of $701.58 million, a P/E ratio of 29.05 and a beta of 0.27. LSI Industries Inc. has a 1-year low of $13.77 and a 1-year high of $25.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17. The business has a 50 day moving average of $19.92 and a 200 day moving average of $17.66.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.09. The business had revenue of $155.07 million for the quarter, compared to the consensus estimate of $138.89 million. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%. Research analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. LSI Industries's dividend payout ratio is currently 25.32%.

About LSI Industries

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.