WealthTrust Axiom LLC Cuts Stake in LSI Industries Inc. $LYTS

Key Points

• WealthTrust Axiom LLC reduced its stake in LSI Industries Inc. by 13.5%, now holding 602,597 shares, which constitutes approximately 3.1% of its investment portfolio.
• LSI Industries recently reported earnings per share of $0.26 for the quarter, exceeding analysts' expectations, with revenue of $155.07 million.
• The company declared a quarterly dividend of $0.05 per share, reflecting a 0.8% yield and a payout ratio of 25.32%.

WealthTrust Axiom LLC lessened its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 602,597 shares of the construction company's stock after selling 94,088 shares during the period. LSI Industries accounts for about 3.1% of WealthTrust Axiom LLC's investment portfolio, making the stock its 5th biggest holding. WealthTrust Axiom LLC owned 2.01% of LSI Industries worth $10,244,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of LSI Industries by 2.9% during the first 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. raised its holdings in LSI Industries by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company's stock worth $312,000 after purchasing an additional 684 shares in the last quarter. Rhumbline Advisers lifted its position in LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company's stock worth $703,000 after purchasing an additional 858 shares during the period. Informed Momentum Co LLC lifted its position in LSI Industries by 1.8% in the first quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company's stock worth $893,000 after purchasing an additional 905 shares during the period. Finally, MetLife Investment Management LLC lifted its position in LSI Industries by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company's stock worth $324,000 after purchasing an additional 1,362 shares during the period. Institutional investors own 73.91% of the company's stock.

LSI Industries Price Performance

NASDAQ LYTS opened at $23.66 on Monday. The stock has a market capitalization of $707.91 million, a P/E ratio of 29.95 and a beta of 0.32. LSI Industries Inc. has a 1 year low of $13.77 and a 1 year high of $25.50. The business's fifty day moving average is $17.98 and its two-hundred day moving average is $17.32. 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 posted its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The company had revenue of $155.07 million for the quarter, compared to analysts' expectations of $138.89 million. LSI Industries had a return on equity of 11.25% and a net margin of 4.25%. On average, research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. LSI Industries's payout ratio is 25.32%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $26.00.

LSI Industries Company 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.

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