Northern Trust Corp Increases Stake in LSI Industries Inc. (NASDAQ:LYTS)

Northern Trust Corp boosted its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,521 shares of the construction company's stock after buying an additional 24,121 shares during the quarter. Northern Trust Corp owned approximately 0.90% of LSI Industries worth $5,215,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its position in shares of LSI Industries by 2.5% in the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company's stock valued at $1,023,000 after buying an additional 1,300 shares during the last quarter. MetLife Investment Management LLC raised its holdings in LSI Industries by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock valued at $324,000 after acquiring an additional 1,362 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LSI Industries by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock worth $1,590,000 after purchasing an additional 1,652 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock worth $910,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of LSI Industries by 894.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock worth $41,000 after purchasing an additional 1,888 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on LYTS. Canaccord Genuity Group cut their price target on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday, April 25th. Wall Street Zen downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, HC Wainwright reiterated a "buy" rating and set a $30.00 price target on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries Trading Down 0.3%

Shares of LYTS stock traded down $0.05 during trading on Monday, hitting $15.62. 73,483 shares of the stock traded hands, compared to its average volume of 132,141. LSI Industries Inc. has a 52-week low of $13.63 and a 52-week high of $25.50. The firm has a market capitalization of $467.37 million, a P/E ratio of 20.29 and a beta of 0.25. The firm's fifty day moving average price is $16.12 and its 200-day moving average price is $18.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. As a group, research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, May 5th. LSI Industries's dividend payout ratio (DPR) is presently 27.78%.

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.