Anderson Financial Strategies LLC Increases Holdings in 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 grew its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,014 shares of the construction company's stock after purchasing an additional 13,160 shares during the quarter. LSI Industries makes up 0.8% of Anderson Financial Strategies LLC's investment portfolio, making the stock its 27th largest holding. Anderson Financial Strategies LLC owned 0.26% of LSI Industries worth $1,342,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of LSI Industries during the 1st quarter valued at $34,000. Jane Street Group LLC purchased a new stake in LSI Industries in the 1st quarter worth about $560,000. Ascent Group LLC bought a new position in LSI Industries in the 1st quarter worth about $189,000. Coppell Advisory Solutions LLC grew its holdings in LSI Industries by 80,200.0% during 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company's stock valued at $292,000 after buying an additional 1,113 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYTS. Canaccord Genuity Group lifted their target price on LSI Industries from $22.00 to $25.00 and gave the company a "buy" rating in a report on Monday, August 25th. Wall Street Zen raised LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 24th. Finally, Craig Hallum reaffirmed a "buy" rating and set a $28.00 target price on shares of LSI Industries in a report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $27.67.

LSI Industries Stock Down 0.7%

Shares of NASDAQ LYTS opened at $22.55 on Thursday. LSI Industries Inc. has a 12 month low of $13.77 and a 12 month high of $25.50. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $674.70 million, a price-to-earnings ratio of 28.54 and a beta of 0.27. The business has a 50-day moving average of $19.62 and a 200-day moving average of $17.59.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The construction company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a return on equity of 11.25% and a net margin of 4.25%.The company had revenue of $155.07 million during the quarter, compared to analyst estimates of $138.89 million. Sell-side analysts expect 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 Wednesday, September 10th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. LSI Industries's payout ratio is presently 25.32%.

Insiders Place Their Bets

In other LSI Industries news, VP Thomas A. Caneris sold 7,544 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the completion of the sale, the vice president owned 114,016 shares of the company's stock, valued at $2,631,489.28. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 421,313 shares of the company's stock, valued at approximately $9,723,904.04. This represents a 5.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 94,780 shares of company stock valued at $2,198,983 over the last quarter. 8.20% of the stock is owned by corporate insiders.

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.

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