LSI Industries Inc. (NASDAQ:LYTS) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 86.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,356 shares of the construction company's stock after buying an additional 32,600 shares during the quarter. Bank of America Corp DE owned 0.24% of LSI Industries worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LYTS. Bleakley Financial Group LLC grew its stake in shares of LSI Industries by 228.8% during the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after acquiring an additional 24,096 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in LSI Industries during the 4th quarter valued at approximately $317,000. SG Americas Securities LLC increased its stake 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 purchasing an additional 2,731 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of LSI Industries by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock worth $910,000 after buying an additional 1,876 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of LSI Industries by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock valued at $324,000 after buying an additional 1,362 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Performance

LSI Industries stock traded up $0.09 during midday trading on Monday, hitting $16.35. 166,135 shares of the company were exchanged, compared to its average volume of 133,148. The business has a fifty day simple moving average of $15.88 and a two-hundred day simple moving average of $18.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The firm has a market capitalization of $489.21 million, a PE ratio of 21.23 and a beta of 0.27. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50.

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

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. LSI Industries's dividend payout ratio (DPR) is currently 27.78%.

Wall Street Analysts Forecast Growth

LYTS has been the subject of a number of research analyst reports. HC Wainwright restated a "buy" rating and issued a $30.00 target price on shares of LSI Industries in a research note on Friday, April 25th. Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Canaccord Genuity Group cut their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, April 25th.

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.