Vanguard Group Inc. Has $30.62 Million Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Vanguard Group Inc. lowered its stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,576,924 shares of the construction company's stock after selling 34,309 shares during the quarter. Vanguard Group Inc. owned about 5.28% of LSI Industries worth $30,624,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Knights of Columbus Asset Advisors LLC acquired a new position in shares of LSI Industries in the 4th quarter valued at approximately $878,000. Barclays PLC raised its position in LSI Industries by 117.1% during the third quarter. Barclays PLC now owns 69,824 shares of the construction company's stock valued at $1,127,000 after purchasing an additional 37,660 shares in the last quarter. Annex Advisory Services LLC increased its stake in shares of LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock valued at $2,656,000 after purchasing an additional 30,464 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after buying an additional 24,096 shares during the last quarter. Finally, Savant Capital LLC acquired a new stake in LSI Industries in the fourth quarter valued at about $368,000. Institutional investors own 73.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LYTS shares. Canaccord Genuity Group increased their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, January 24th. HC Wainwright upped their price target on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, StockNews.com lowered LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 14th.

LSI Industries Trading Up 0.5 %

NASDAQ LYTS traded up $0.08 during mid-day trading on Friday, reaching $15.80. 104,226 shares of the stock were exchanged, compared to its average volume of 128,000. The stock has a market cap of $472.75 million, a P/E ratio of 20.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The stock has a 50 day simple moving average of $17.58 and a 200-day simple moving average of $18.62.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, February 3rd. LSI Industries's payout ratio is 25.97%.

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.