LSI Industries (NASDAQ:LYTS) EVP Thomas Caneris Sells 3,170 Shares

Key Points

• EVP Thomas Caneris sold 3,170 LSI Industries shares at an average price of $20.28, generating $64,287.60. He retained 73,109 shares after the transaction.
• LSI Industries exceeded quarterly expectations, reporting EPS of $0.38 versus the $0.35 consensus and revenue of $234.62 million compared with estimates of $222.78 million. The company also declared a quarterly dividend of $0.05 per share, yielding approximately 1.0% annually.
• Analyst sentiment remains moderately bullish: the stock has a consensus “Moderate Buy” rating and a $29 average price target, although some analysts have lowered ratings or near-term earnings forecasts.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) EVP Thomas Caneris sold 3,170 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $20.28, for a total transaction of $64,287.60. Following the transaction, the executive vice president owned 73,109 shares of the company's stock, valued at approximately $1,482,650.52. The trade was a 4.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

LSI Industries Stock Performance

LYTS stock traded down $0.10 during mid-day trading on Thursday, hitting $20.17. The company had a trading volume of 443,960 shares, compared to its average volume of 351,525. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The firm has a market cap of $740.44 million, a PE ratio of 30.10 and a beta of 0.56. LSI Industries Inc. has a 12 month low of $17.20 and a 12 month high of $27.36. The stock's fifty day moving average price is $24.29 and its two-hundred day moving average price is $22.65.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings results 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. LSI Industries had a net margin of 3.28% and a return on equity of 8.04%. The company had revenue of $234.62 million during the quarter, compared to analyst estimates of $222.78 million. On average, analysts forecast that LSI Industries Inc. will post 1.13 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 Tuesday, September 8th. Shareholders of record on Monday, August 31st will be paid 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 presently 29.85%.

Key Headlines Impacting LSI Industries

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

• Positive Sentiment: HC Wainwright retained its Buy rating and raised long-term earnings forecasts. The firm increased its EPS estimates for fiscal 2028, 2029 and 2030 to $1.55, $2.04 and $2.54, respectively, and projects $3.16 in fiscal 2031. These forecasts suggest confidence in LSI Industries’ longer-term transformation and growth potential.
• Positive Sentiment: Recent quarterly results exceeded expectations. LSI Industries reported EPS of $0.38 versus the $0.35 consensus, while revenue of $234.62 million surpassed the $222.78 million estimate. The company also declared a quarterly dividend of $0.05 per share, equal to a 1.0% annualized yield. LSI Industries financial results
• Neutral Sentiment: Management characterized the earnings call as a “transformational year.” The headline is potentially encouraging, but the available report provides limited detail about specific initiatives, financial targets or operating trends. LSI Industries Earnings Call Highlights Transformational Year
• Negative Sentiment: HC Wainwright sharply cut its fiscal 2027 EPS forecast. The estimate fell to $0.72 from $1.33, below the current full-year consensus of $1.13. Its $0.03 second-quarter forecast also points to potentially weak near-term earnings momentum, despite the continued Buy rating.
• Negative Sentiment: Several senior executives sold shares. CEO James Anthony Clark sold approximately 47,046 shares, CFO James E. Galeese sold 16,410 shares, and EVP Thomas Caneris sold 11,034 shares in transactions conducted August 24–25. Each executive retained a substantial position, but coordinated selling by top management can undermine investor confidence. LSI Industries insider selling

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On LSI Industries

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

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