BlackRock Inc. Takes $72.12 Million Position in LSI Industries Inc. $LYTS

Key Points

• BlackRock acquired a new 2.71 million-share position in LSI Industries worth approximately $72.1 million, giving it a 7.39% stake. Institutional investors and hedge funds collectively own 73.91% of the company.
• LSI Industries beat quarterly expectations, reporting $0.38 in EPS on $234.6 million in revenue, while declaring a $0.05 quarterly dividend—equivalent to a 1% annual yield.
• Investor sentiment remains mixed: analysts maintain a “Moderate Buy” consensus with an average $29 price target, but HC Wainwright sharply cut its fiscal 2027 EPS forecast and insiders sold roughly $1.93 million of stock over the past 90 days.

BlackRock Inc. purchased a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,713,253 shares of the construction company's stock, valued at approximately $72,118,000. BlackRock Inc. owned 7.39% of LSI Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in LSI Industries by 3.2% in the third quarter. Vanguard Group Inc. now owns 1,657,475 shares of the construction company's stock valued at $39,133,000 after buying an additional 50,722 shares during the period. Dimensional Fund Advisors LP boosted its stake in LSI Industries by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company's stock worth $27,232,000 after acquiring an additional 6,783 shares in the last quarter. AltraVue Capital LLC grew its holdings in LSI Industries by 8.0% in the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company's stock worth $26,488,000 after purchasing an additional 106,693 shares during the period. Royce & Associates LP increased its stake in LSI Industries by 16.4% in the fourth quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company's stock valued at $22,284,000 after purchasing an additional 171,124 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of LSI Industries by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 763,182 shares of the construction company's stock valued at $13,985,000 after purchasing an additional 26,700 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Thomas A. Caneris sold 5,560 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total transaction of $111,700.40. Following the completion of the sale, the executive vice president directly owned 76,279 shares in the company, valued at $1,532,445.11. This represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James E. Galeese sold 8,269 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $20.09, for a total value of $166,124.21. Following the transaction, the chief financial officer owned 190,740 shares in the company, valued at approximately $3,831,966.60. The trade was a 4.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,345 shares of company stock worth $1,928,267 in the last ninety days. Corporate insiders own 7.30% of the company's stock.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $19.71 on Monday. The company's fifty day moving average price is $24.03 and its 200-day moving average price is $22.61. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The firm has a market capitalization of $723.59 million, a price-to-earnings ratio of 29.42 and a beta of 0.56. LSI Industries Inc. has a one year low of $17.20 and a one year high of $27.36.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. The company had revenue of $234.62 million for the quarter, compared to analysts' expectations of $222.78 million. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%. On average, equities research analysts anticipate that LSI Industries Inc. will post 0.82 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries's dividend payout ratio (DPR) is 29.85%.

Key Stories Impacting LSI Industries

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Fourth-quarter results beat estimates. LSI reported fiscal fourth-quarter revenue of $234.6 million, up 51% year over year and above the $222.8 million consensus estimate. Adjusted EPS rose to $0.38 from $0.34 and exceeded expectations of $0.35, with acquisition activity—particularly Royston—contributing to growth. LSI Industries Fourth-Quarter Results
• Positive Sentiment: Analyst coverage remains constructive. HC Wainwright maintained its Buy rating, while Morgan Stanley and Oppenheimer have price targets of $30 and $29, respectively. LSI also declared a quarterly dividend of $0.05 per share, equivalent to a $0.20 annualized payout and approximately a 1% yield.
• Neutral Sentiment: Growth quality remains a key investor question. Although reported sales grew substantially, investors are assessing how much of the increase came from acquisitions and whether organic growth can accelerate as those benefits moderate.
• Negative Sentiment: HC Wainwright sharply reduced its fiscal 2027 EPS forecast. The firm cut its estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. While it retained a Buy rating, the reduction points to weaker near-term earnings momentum and is below the broader current-year consensus of $1.13. HC Wainwright LSI Industries Earnings Forecast
• Negative Sentiment: Several senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas Caneris collectively sold shares worth roughly $1.5 million in transactions dated August 24–26. Each executive retained a substantial stake, but the concentration of sales can weigh on sentiment and reinforce concerns after the earnings outlook reduction. LSI Industries Insider Selling

Analyst Upgrades and Downgrades

Several research firms have weighed in on LYTS. HC Wainwright restated a "buy" rating on shares of LSI Industries in a report on Friday, August 21st. Oppenheimer dropped their price target on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating on the stock in a research report on Friday, August 21st. Morgan Stanley set a $30.00 price objective on LSI Industries in a report on Friday, August 21st. Wall Street Zen lowered LSI Industries from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $29.00.

LSI Industries Company Profile

LSI Industries, Inc NASDAQ: LYTS is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.

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