Invesco Ltd. Raises Position in LSI Industries Inc. (NASDAQ:LYTS)

Invesco Ltd. increased its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 354.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,781 shares of the construction company's stock after buying an additional 190,095 shares during the period. Invesco Ltd. owned 0.82% of LSI Industries worth $4,734,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LYTS. Hillsdale Investment Management Inc. raised its stake in shares of LSI Industries by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock valued at $6,481,000 after buying an additional 3,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LSI Industries by 6.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,689 shares of the construction company's stock valued at $3,004,000 after buying an additional 9,518 shares during the last quarter. Annex Advisory Services LLC raised its position in LSI Industries by 28.7% during the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock valued at $2,656,000 after acquiring an additional 30,464 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of LSI Industries by 203.0% during the 4th quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company's stock worth $1,681,000 after purchasing an additional 57,989 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company's stock valued at $1,590,000 after acquiring an additional 1,652 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com cut LSI Industries from a "strong-buy" rating to a "buy" rating in a report on Wednesday. HC Wainwright reaffirmed a "buy" rating and issued a $30.00 price objective on shares of LSI Industries in a research note on Friday, April 25th. Finally, Canaccord Genuity Group lowered their price target on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, April 25th.

LSI Industries Stock Performance

Shares of NASDAQ LYTS traded up $0.27 during mid-day trading on Thursday, reaching $15.36. 9,765 shares of the company's stock were exchanged, compared to its average volume of 131,849. The firm has a 50-day moving average price of $16.76 and a two-hundred day moving average price of $18.54. 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 capitalization of $459.44 million, a price-to-earnings ratio of 20.00 and a beta of 0.70. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50.

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

LSI Industries Announces Dividend

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

LSI Industries Profile

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.