LSI Industries (NASDAQ:LYTS) CEO Sells 23,706 Shares of Stock

Key Points

• CEO James Anthony Clark sold 23,706 LYTS shares at an average price of $20.09, worth approximately $476,254, reducing his direct ownership by 3.74%. He also sold 23,340 shares the previous day.
• LSI Industries exceeded quarterly expectations, reporting $0.38 EPS versus $0.35 expected and revenue of $234.62 million versus $222.78 million anticipated.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and $29 average price target, although shares recently traded below their 50-day and 200-day moving averages. The company also declared a $0.05 quarterly dividend, equating to a 1% annual yield.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) CEO James Anthony Clark sold 23,706 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $20.09, for a total transaction of $476,253.54. Following the completion of the transaction, the chief executive officer directly owned 609,641 shares of the company's stock, valued at approximately $12,247,687.69. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

James Anthony Clark also recently made the following trade(s):

• On Monday, August 24th, James Anthony Clark sold 23,340 shares of LSI Industries stock. The stock was sold at an average price of $19.78, for a total value of $461,665.20.

LSI Industries Price Performance

Shares of LYTS traded down $0.38 on Wednesday, reaching $20.27. The stock had a trading volume of 495,662 shares, compared to its average volume of 350,959. The firm has a market capitalization of $744.11 million, a PE ratio of 30.25 and a beta of 0.56. 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 firm has a 50-day moving average of $24.40 and a 200 day moving average of $22.66. LSI Industries Inc. has a twelve month low of $17.20 and a twelve month high of $27.36.

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

LSI Industries Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On LSI Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC purchased a new position in LSI Industries during the second quarter worth about $31,000. Northwestern Mutual Wealth Management Co. purchased a new stake in LSI Industries in the 2nd quarter valued at about $41,000. PenderFund Capital Management Ltd. purchased a new stake in LSI Industries in the 2nd quarter valued at about $41,000. Rockefeller Capital Management L.P. increased its stake in shares of LSI Industries by 57.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company's stock valued at $31,000 after acquiring an additional 625 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of LSI Industries during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 73.91% of the company's stock.

LSI Industries News Roundup

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.

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.

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