Martingale Asset Management L P Has $789,000 Stock Position in LSI Industries Inc. $LYTS

Key Points

• Martingale Asset Management L P reduced its stake in LSI Industries Inc. by 43.7% during the first quarter, owning 46,417 shares valued at approximately $789,000 after selling 36,042 shares.
• LSI Industries' shares were upgraded from a "buy" rating to a "strong-buy" rating, with a consensus target price of $26.00 and an average rating of "Buy" from analysts.
• The company plans to pay a quarterly dividend of $0.05 per share on September 10th, with an annualized dividend yield of 0.8%.

Martingale Asset Management L P reduced its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 43.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,417 shares of the construction company's stock after selling 36,042 shares during the quarter. Martingale Asset Management L P owned about 0.16% of LSI Industries worth $789,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Invesco Ltd. grew its position in shares of LSI Industries by 354.1% during the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock worth $4,734,000 after purchasing an additional 190,095 shares in the last quarter. Expect Equity LLC acquired a new position in shares of LSI Industries during the 4th quarter worth approximately $2,391,000. Systematic Financial Management LP grew its position in shares of LSI Industries by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company's stock worth $49,382,000 after purchasing an additional 103,724 shares in the last quarter. Nuveen LLC acquired a new position in shares of LSI Industries during the 1st quarter worth approximately $1,432,000. Finally, Knights of Columbus Asset Advisors LLC grew its position in shares of LSI Industries by 160.9% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 118,035 shares of the construction company's stock worth $2,007,000 after purchasing an additional 72,801 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Price Performance

Shares of NASDAQ LYTS traded down $0.55 during trading hours on Wednesday, hitting $22.61. 326,940 shares of the stock were exchanged, compared to its average volume of 187,764. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. The company has a market cap of $676.49 million, a PE ratio of 28.62 and a beta of 0.32. The company's fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $17.41. LSI Industries Inc. has a 1-year low of $13.77 and a 1-year high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.25%. The business had revenue of $155.07 million for the quarter, compared to analyst estimates of $138.89 million. On average, sell-side analysts predict 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 given a $0.05 dividend. The ex-dividend date is 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 (DPR) is currently 25.32%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Canaccord Genuity Group increased their target price on shares of LSI Industries from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Craig Hallum restated a "buy" rating and set a $28.00 target price on shares of LSI Industries in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $27.67.

LSI Industries Profile

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.