LSI Industries Inc. (NASDAQ:LYTS) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 203.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,550 shares of the construction company's stock after purchasing an additional 57,989 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.29% of LSI Industries worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYTS. Knights of Columbus Asset Advisors LLC acquired a new position in shares of LSI Industries in the fourth quarter valued at approximately $878,000. Barclays PLC raised its holdings in LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company's stock valued at $1,127,000 after acquiring an additional 37,660 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of LSI Industries by 28.7% during the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock worth $2,656,000 after purchasing an additional 30,464 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of LSI Industries by 228.8% in the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock valued at $672,000 after purchasing an additional 24,096 shares during the period. Finally, Savant Capital LLC acquired a new position in LSI Industries in the fourth quarter valued at $368,000. Hedge funds and other institutional investors own 73.91% of the company's stock.

LSI Industries Stock Up 1.8 %

LSI Industries stock traded up $0.27 during midday trading on Thursday, hitting $15.36. 5,889 shares of the stock were exchanged, compared to its average volume of 131,830. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The firm has a market cap of $459.62 million, a P/E ratio of 19.88 and a beta of 0.70. The company has a 50 day moving average price of $16.76 and a two-hundred day moving average price of $18.54.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The company had revenue of $132.48 million during the quarter, compared to analysts' expectations of $129.72 million. On average, sell-side analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. LSI Industries's payout ratio is currently 27.78%.

Analysts Set New Price Targets

LYTS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. HC Wainwright restated a "buy" rating and issued a $30.00 price objective on shares of LSI Industries in a report on Friday, April 25th. Finally, Canaccord Genuity Group cut their price target on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Friday, April 25th.

About LSI Industries

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.