Insider Selling: LSI Industries (NASDAQ:LYTS) EVP Sells $111,700.40 in Stock

Key Points

• LSI Industries EVP Thomas Caneris sold 5,560 shares at an average price of $20.09, generating $111,700.40 and reducing his holdings by 6.79% to 76,279 shares.
• The company reported quarterly EPS of $0.38 and revenue of $234.62 million, beating analyst expectations of $0.35 and $222.78 million, respectively. LSI also declared a quarterly dividend of $0.05 per share, equivalent to a 1% annual yield.
• LYTS shares fell 1.8% to $20.27 and remain below their 50-day moving average, while analysts maintain a “Moderate Buy” consensus with an average price target of $29.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) EVP Thomas Caneris sold 5,560 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $111,700.40. Following the completion of the sale, the executive vice president owned 76,279 shares of the company's stock, valued at approximately $1,532,445.11. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LSI Industries Trading Down 1.8%

LSI Industries stock traded down $0.38 during mid-day trading on Wednesday, hitting $20.27. 495,662 shares of the company's stock were exchanged, compared to its average volume of 350,959. The firm has a market capitalization of $744.11 million, a P/E ratio of 30.25 and a beta of 0.56. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The company's 50 day simple moving average is $24.40 and its 200-day simple moving average is $22.66.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. LSI Industries had a return on equity of 8.04% and a net margin of 3.28%.The firm had revenue of $234.62 million during the quarter, compared to analysts' expectations of $222.78 million. On average, equities analysts anticipate that LSI Industries Inc. will post 1.18 earnings per share for the current year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st. LSI Industries's payout ratio is 29.85%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LYTS shares. HC Wainwright reiterated a "buy" rating on shares of LSI Industries in a report on Friday, August 21st. Wall Street Zen lowered shares of LSI Industries from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Oppenheimer lowered their target price on LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a report on Friday, August 21st. Morgan Stanley set a $30.00 price target on LSI Industries in a research note on Friday, August 21st. Finally, Weiss Ratings lowered LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.00.

Key LSI Industries News

Here are the key news stories impacting LSI Industries this week:

• Positive Sentiment: Long-term earnings outlook improved: HC Wainwright maintained its “Buy” rating and raised its EPS forecasts for fiscal 2028 to $1.55 from $1.52, fiscal 2029 to $2.04 from $1.96, and fiscal 2030 to $2.54 from $2.45. The firm projects EPS could reach $3.16 by fiscal 2031, compared with the current-year consensus of $1.18, supporting the growth thesis for LSI Industries.
• Positive Sentiment: Insider buying provides a confidence signal: Director Ernest Marshall Jr. purchased 2,000 shares at $19.73, increasing his position by 7.51%. Insider Buying: LSI Industries Director Buys 2,000 Shares
• Positive Sentiment: Recent results beat expectations: LSI Industries reported quarterly EPS of $0.38 versus the $0.35 consensus and revenue of $234.62 million versus estimates of $222.78 million. The earnings call characterized the past year as transformational, potentially reinforcing confidence in the company’s strategic progress. LSI Industries Earnings Call Highlights Transformational Year
• Neutral Sentiment: Shareholder returns remain modest: The company declared a quarterly dividend of $0.05, or $0.20 annually, representing an approximately 1% yield and a payout ratio near 30%.
• Neutral Sentiment: Short-interest data offers little insight: Reported short interest was zero shares, so there is no meaningful short-covering or short-squeeze factor affecting the stock.
• Negative Sentiment: Mixed analyst signals and technical weakness may be weighing on sentiment: Oppenheimer reduced its price target to $29 from $30, while some firms maintain Hold ratings. LYTS is also trading below both its 50-day and 200-day moving averages, indicating near-term selling pressure despite the longer-term earnings optimism.

Hedge Funds Weigh In On LSI Industries

Hedge funds have recently modified their holdings of the stock. Bailard Inc. raised its position in shares of LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company's stock valued at $280,000 after purchasing an additional 500 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of LSI Industries by 1.2% during the 1st quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company's stock worth $858,000 after buying an additional 536 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of LSI Industries by 28.5% during the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company's stock worth $46,000 after buying an additional 554 shares during the period. Rockefeller Capital Management L.P. grew its stake in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company's stock valued at $31,000 after buying an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. grew its stake in LSI Industries by 11.8% in the 2nd quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company's stock valued at $102,000 after buying an additional 635 shares during the last quarter. Institutional investors own 73.91% of the company's stock.

LSI Industries Company Profile

LSI Industries, Inc NASDAQ: LYTS is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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