Systematic Financial Management LP Has $43.62 Million Stock Holdings in LSI Industries Inc. $LYTS

Key Points

• Systematic Financial Management LP has increased its holdings in LSI Industries Inc. to 2,565,826 shares, valued at approximately $43.62 million, representing 1.2% of its portfolio.
• LSI Industries recently reported earnings of $0.26 per share, exceeding estimates, and recorded $155.07 million in revenue for the quarter, higher than anticipated.
• The company declared a quarterly dividend of $0.05 to be paid on September 10th, with a yield of 0.8% and a payout ratio of 27.78%.

Systematic Financial Management LP raised its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,565,826 shares of the construction company's stock after purchasing an additional 22,982 shares during the quarter. LSI Industries makes up 1.2% of Systematic Financial Management LP's holdings, making the stock its 13th biggest position. Systematic Financial Management LP owned about 8.58% of LSI Industries worth $43,619,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in LSI Industries by 2.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company's stock valued at $389,000 after purchasing an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 worth $312,000 after buying an additional 684 shares during the period. Rhumbline Advisers increased its position in LSI Industries by 2.1% during the 1st quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock worth $703,000 after buying an additional 858 shares during the period. Informed Momentum Co LLC increased its position in LSI Industries by 1.8% during the 1st quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company's stock worth $893,000 after buying an additional 905 shares during the period. Finally, MetLife Investment Management LLC increased its position in LSI Industries by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after buying an additional 1,362 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on LSI Industries from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday. Craig Hallum reiterated a "buy" rating and set a $28.00 price objective on shares of LSI Industries in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, LSI Industries presently has an average rating of "Buy" and a consensus price target of $27.67.

LSI Industries Price Performance

LSI Industries stock traded down $0.55 during midday trading on Wednesday, reaching $22.61. The company's stock had a trading volume of 326,940 shares, compared to its average volume of 146,335. LSI Industries Inc. has a 52 week low of $13.77 and a 52 week high of $25.50. The company has a current ratio of 2.08, a quick ratio of 1.25 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $18.25 and a 200-day moving average price of $17.37. The stock has a market cap of $676.51 million, a PE ratio of 28.62 and a beta of 0.32.

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, beating analysts' consensus estimates of $0.17 by $0.09. LSI Industries had a return on equity of 11.25% and a net margin of 4.25%.The firm had revenue of $155.07 million for the quarter, compared to analysts' expectations 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. LSI Industries's dividend payout ratio (DPR) is presently 25.32%.

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.