18,649 Shares in LSI Industries Inc. (NASDAQ:LYTS) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,649 shares of the construction company's stock, valued at approximately $362,000. Raymond James Financial Inc. owned 0.06% of LSI Industries at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Barclays PLC raised its stake in shares of LSI Industries by 117.1% in the third 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. Fortitude Family Office LLC grew its stake in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after purchasing an additional 2,995 shares during the last quarter. Annex Advisory Services LLC raised its position in LSI Industries by 28.7% in the 4th 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. SG Americas Securities LLC boosted its position in LSI Industries by 24.1% in the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock valued at $274,000 after buying an additional 2,731 shares during the last quarter. Finally, Catalina Capital Group LLC acquired a new stake in LSI Industries in the fourth quarter worth about $253,000. Institutional investors and hedge funds own 73.91% of the company's stock.

Analyst Ratings Changes

LYTS has been the subject of a number of recent research reports. HC Wainwright reissued a "buy" rating and set a $30.00 price target on shares of LSI Industries in a research note on Friday, April 25th. Canaccord Genuity Group reduced their price target on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com lowered LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th.

LSI Industries Stock Up 1.3%

Shares of NASDAQ:LYTS traded up $0.21 during mid-day trading on Tuesday, reaching $16.70. 110,348 shares of the stock were exchanged, compared to its average volume of 132,563. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The company has a market cap of $499.68 million, a P/E ratio of 21.69 and a beta of 0.25. The stock's 50 day simple moving average is $16.37 and its 200-day simple moving average is $18.53.

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 the consensus estimate of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. The business had revenue of $132.48 million during the quarter, compared to analysts' expectations of $129.72 million. As a group, equities research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Monday, May 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Monday, May 5th. 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.