LSI Industries Inc. (NASDAQ:LYTS) Position Lessened by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,361 shares of the construction company's stock after selling 42,900 shares during the period. Wellington Management Group LLP owned approximately 1.92% of LSI Industries worth $11,154,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in LSI Industries by 24.1% during the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock worth $274,000 after acquiring an additional 2,731 shares during the period. Catalina Capital Group LLC acquired a new position in shares of LSI Industries in the 4th quarter worth approximately $253,000. Bleakley Financial Group LLC raised its holdings in shares of LSI Industries by 228.8% in the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after purchasing an additional 24,096 shares in the last quarter. Savant Capital LLC bought a new stake in shares of LSI Industries in the 4th quarter worth approximately $368,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in LSI Industries by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock valued at $910,000 after purchasing an additional 1,876 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company's stock.

Wall Street Analyst Weigh In

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

LSI Industries Trading Up 0.2%

Shares of LYTS stock traded up $0.04 during trading hours on Wednesday, reaching $16.29. 87,941 shares of the stock traded hands, compared to its average volume of 132,077. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $487.41 million, a PE ratio of 21.16 and a beta of 0.25. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The business has a fifty day moving average price of $15.94 and a 200 day moving average price of $18.28.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 4.47% and a return on equity of 11.25%. On average, equities research analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Monday, May 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, May 5th. LSI Industries's payout ratio is 27.78%.

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.