LSI Industries Inc. $LYTS Position Trimmed by North Star Investment Management Corp.

Key Points

• North Star Investment Management Corp. reduced its stake in LSI Industries Inc. by 10.9%, holding 211,691 shares after selling 25,996 shares in the second quarter.
• LSI Industries reported $0.26 earnings per share for the last quarter, exceeding analysts' expectations of $0.17, and had a revenue of $155.07 million.
• Both Canaccord Genuity Group and Wall Street Zen upgraded LSI Industries' ratings, with the consensus price target now at $27.67.

North Star Investment Management Corp. trimmed its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 10.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 211,691 shares of the construction company's stock after selling 25,996 shares during the period. North Star Investment Management Corp. owned about 0.71% of LSI Industries worth $3,601,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in LSI Industries during the first quarter worth approximately $34,000. Coppell Advisory Solutions LLC boosted its holdings in LSI Industries by 80,200.0% during the first quarter. Coppell Advisory Solutions LLC now owns 5,621 shares of the construction company's stock worth $96,000 after buying an additional 5,614 shares in the last quarter. GAMMA Investing LLC boosted its holdings in LSI Industries by 4,116.3% during the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock worth $181,000 after buying an additional 10,373 shares in the last quarter. Ascent Group LLC bought a new stake in LSI Industries during the first quarter worth approximately $189,000. Finally, State of Wyoming bought a new stake in LSI Industries during the first quarter worth approximately $244,000. 73.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LYTS has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. Finally, Craig Hallum restated a "buy" rating and issued a $28.00 price target on shares of LSI Industries in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, LSI Industries presently has a consensus rating of "Buy" and a consensus price target of $27.67.

LSI Industries Stock Down 0.6%

LYTS stock opened at $23.36 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 quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. The company has a market cap of $714.12 million, a price-to-earnings ratio of 29.57 and a beta of 0.27. The company has a 50 day moving average of $20.71 and a two-hundred day moving average of $17.94.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The company had revenue of $155.07 million during the quarter, compared to the consensus estimate of $138.89 million. On average, equities analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd were given a $0.05 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. LSI Industries's dividend payout ratio is presently 25.32%.

Insiders Place Their Bets

In other LSI Industries news, CFO James E. Galeese sold 54,575 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total value of $1,271,051.75. Following the completion of the sale, the chief financial officer owned 173,288 shares in the company, valued at $4,035,877.52. This represents a 23.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James Anthony Clark sold 26,597 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $613,858.76. Following the completion of the sale, the chief executive officer owned 421,313 shares of the company's stock, valued at approximately $9,723,904.04. The trade was 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 worth $2,198,983 in the last quarter. 8.20% of the stock is currently owned by corporate insiders.

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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