LSI Industries Inc. (NASDAQ:LYTS) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 57.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,175 shares of the construction company's stock after buying an additional 94,302 shares during the quarter. New York State Common Retirement Fund owned 0.89% of LSI Industries worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LYTS. New York State Teachers Retirement System acquired a new position in LSI Industries during the 4th quarter worth $35,000. SG Americas Securities LLC purchased a new position in LSI Industries in the fourth quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in LSI Industries during the 4th quarter worth approximately $145,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LSI Industries in the 3rd quarter valued at $247,000. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of LSI Industries in the 3rd quarter valued at $364,000. Hedge funds and other institutional investors own 73.91% of the company's stock.

LSI Industries Stock Performance

Shares of LYTS traded up $0.04 during mid-day trading on Monday, reaching $15.32. 116,413 shares of the company's stock were exchanged, compared to its average volume of 104,514. The business's fifty day simple moving average is $14.67 and its 200-day simple moving average is $14.06. The stock has a market capitalization of $445.35 million, a PE ratio of 16.47 and a beta of 0.82. LSI Industries Inc. has a 52-week low of $11.44 and a 52-week high of $16.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. LSI Industries's payout ratio is currently 21.51%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LYTS. Canaccord Genuity Group increased their target price on LSI Industries from $17.00 to $18.00 and gave the company a "buy" rating in a report on Friday, April 26th. StockNews.com raised LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 3rd. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $20.00 price target on shares of LSI Industries in a report on Monday, April 22nd.

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.