LSI Industries (NASDAQ:LYTS) EVP Sells $108,275.72 in Stock

Key Points

• EVP Thomas Caneris sold 5,474 shares of LSI Industries at an average price of $19.78, totaling $108,275.72; he retains 81,839 shares after the transaction.
• LSI Industries exceeded quarterly expectations, reporting EPS of $0.38 versus $0.35 estimated and revenue of $234.62 million versus $222.78 million expected.
• Shares recently traded at $20.27, below their 50-day and 200-day moving averages, while analysts maintain a “Moderate Buy” consensus with an average price target of $29. The company also declared a quarterly dividend of $0.05, yielding about 1% annually.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) EVP Thomas Caneris sold 5,474 shares of LSI Industries stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $19.78, for a total transaction of $108,275.72. Following the completion of the sale, the executive vice president owned 81,839 shares in the company, valued at approximately $1,618,775.42. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

LSI Industries Stock Performance

Shares of NASDAQ LYTS traded down $0.38 during midday trading on Wednesday, reaching $20.27. 495,662 shares of the company traded hands, compared to its average volume of 350,959. The stock has a 50-day moving average price of $24.40 and a 200 day moving average price of $22.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The company has a market cap of $744.11 million, a price-to-earnings ratio of 30.25 and a beta of 0.56. LSI Industries Inc. has a 52 week low of $17.20 and a 52 week high of $27.36.

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

LSI Industries Dividend Announcement

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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. LSI Industries's dividend payout ratio is currently 29.85%.

Hedge Funds Weigh In On LSI Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System boosted its position in shares of LSI Industries by 3,782.7% during the second quarter. California State Teachers Retirement System now owns 1,005,548 shares of the construction company's stock worth $26,727,000 after buying an additional 979,650 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of LSI Industries during the 2nd quarter worth about $31,000. AXQ Capital LP raised its stake in LSI Industries by 117.7% in the second quarter. AXQ Capital LP now owns 24,007 shares of the construction company's stock valued at $638,000 after buying an additional 12,979 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in LSI Industries by 17.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 41,610 shares of the construction company's stock valued at $1,106,000 after purchasing an additional 6,273 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of LSI Industries by 5.4% during the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company's stock worth $36,490,000 after buying an additional 70,033 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company's stock.

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.

Analyst Upgrades and Downgrades

LYTS has been the topic of several analyst reports. Weiss Ratings lowered shares of LSI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 18th. Morgan Stanley set a $30.00 price objective on shares of LSI Industries in a research note 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. Oppenheimer dropped their price objective on shares of LSI Industries from $30.00 to $29.00 and set an "outperform" rating for the company in a research note on Friday, August 21st. Finally, HC Wainwright reaffirmed a "buy" rating on shares of LSI Industries in a research note on Friday, August 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.00.

About LSI Industries

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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