Connor Clark & Lunn Investment Management Ltd. purchased a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 150,739 shares of the construction company's stock, valued at approximately $4,007,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.41% of LSI Industries at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in LSI Industries in the second quarter valued at about $72,118,000. Thrivent Financial for Lutherans raised its stake in shares of LSI Industries by 70.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company's stock worth $13,604,000 after purchasing an additional 306,864 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of LSI Industries during the 2nd quarter worth about $6,232,000. Juniper Investment Company LLC raised its stake in shares of LSI Industries by 211.0% during the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company's stock worth $6,256,000 after purchasing an additional 231,693 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of LSI Industries by 163.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company's stock valued at $8,015,000 after buying an additional 210,728 shares during the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
LSI Industries Price Performance
Shares of NASDAQ:LYTS opened at $20.17 on Friday. The stock has a market capitalization of $740.48 million, a P/E ratio of 30.10 and a beta of 0.56. The business has a 50-day moving average of $24.17 and a two-hundred day moving average of $22.63. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The construction company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%.The business had revenue of $234.62 million for the quarter, compared to analyst estimates of $222.78 million. On average, equities research analysts predict that LSI Industries Inc. will post 0.82 EPS for the current fiscal year.
LSI Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries's dividend payout ratio is currently 29.85%.
More LSI Industries News
Here are the key news stories impacting LSI Industries this week:
- Positive Sentiment: Fourth-quarter results exceeded expectations. Fiscal fourth-quarter sales rose 51% year over year to $234.6 million, helped by the Royston acquisition, while adjusted diluted EPS increased to $0.38 from $0.34 and topped the $0.35 consensus estimate. LSI Industries Fourth-Quarter Results
- Positive Sentiment: Longer-term analyst projections remain favorable. HC Wainwright reiterated its Buy rating and raised its EPS forecasts for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, while projecting $3.16 for fiscal 2031. The company also declared a quarterly dividend of $0.05 per share, or $0.20 annualized.
- Neutral Sentiment: Management characterized the period as transformational. The earnings call emphasized LSI Industries’ ongoing transformation, but investors appear focused on whether the reported sales growth can continue as acquisition benefits fade. LSI Industries Earnings Call Highlights
- Negative Sentiment: Near-term earnings expectations were cut sharply. HC Wainwright reduced its fiscal 2027 EPS estimate to $0.72 from $1.33 and expects only $0.03 EPS in the second quarter. Although the firm maintained its Buy rating, the reduction signals weaker near-term momentum and is below the current full-year consensus estimate of $1.13.
- Negative Sentiment: Multiple senior executives sold shares. CEO James Anthony Clark, CFO James E. Galeese and EVP Thomas A. Caneris collectively sold tens of thousands of shares in transactions from August 24–26, worth roughly $1.5 million. Each retained a substantial position, but the cluster of sales may undermine investor confidence.
Analyst Upgrades and Downgrades
LYTS has been the subject of several recent research reports. Wall Street Zen cut LSI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research report on Friday, August 21st. Weiss Ratings cut shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 18th. HC Wainwright reissued a "buy" rating on shares of LSI Industries in a research report on Friday, August 21st. Finally, Oppenheimer decreased their target price on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.00.
Read Our Latest Report on LYTS
Insider Activity
In other LSI Industries news, CEO James Anthony Clark sold 13,907 shares of the business's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $282,033.96. Following the completion of the transaction, the chief executive officer owned 595,734 shares of the company's stock, valued at $12,081,485.52. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest W. Marshall, Jr. bought 2,000 shares of the business's stock in a transaction on Monday, August 24th. The shares were purchased at an average cost of $19.73 per share, with a total value of $39,460.00. Following the transaction, the director owned 28,643 shares in the company, valued at approximately $565,126.39. The trade was a 7.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 106,714 shares of company stock valued at $2,178,057 in the last quarter. 7.30% of the stock is currently owned by corporate insiders.
LSI Industries Profile
(
Free Report)
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.
See Also
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