Expect Equity LLC Grows Position in LSI Industries Inc. $LYTS

Key Points

• Expect Equity LLC raised its stake in LSI Industries by 11.2%, acquiring a total of 136,854 shares, making it the company's 15th largest holding.
• LSI Industries announced a quarterly dividend of $0.05, with a dividend yield of 0.9% and a payout ratio of 25.32%.
• Analysts have set a consensus price target of $27.67 for LSI Industries, with several firms issuing buy ratings, including Canaccord Genuity and Craig Hallum.

Expect Equity LLC boosted its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 11.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 136,854 shares of the construction company's stock after buying an additional 13,730 shares during the quarter. LSI Industries makes up 2.6% of Expect Equity LLC's investment portfolio, making the stock its 15th largest holding. Expect Equity LLC owned 0.46% of LSI Industries worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in LSI Industries by 2.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company's stock valued at $389,000 after buying an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of LSI Industries by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock valued at $312,000 after purchasing an additional 684 shares during the last quarter. Rhumbline Advisers increased its position in shares of LSI Industries by 2.1% during the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock valued at $703,000 after purchasing an additional 858 shares during the last quarter. Informed Momentum Co LLC increased its position in shares of LSI Industries by 1.8% during the 1st quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company's stock valued at $893,000 after purchasing an additional 905 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of LSI Industries by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock valued at $324,000 after purchasing an additional 1,362 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Trading Up 1.5%

Shares of LYTS opened at $22.94 on Friday. The business has a 50-day moving average of $18.51 and a 200 day moving average of $17.42. LSI Industries Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. The firm has a market cap of $686.36 million, a P/E ratio of 29.04 and a beta of 0.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The construction company reported $0.26 earnings per share 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. As a group, research analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd will be paid a $0.05 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.20 annualized dividend and a yield of 0.9%. LSI Industries's dividend payout ratio (DPR) is currently 25.32%.

Analysts Set New Price Targets

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

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.

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