Boston Partners Trims Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Boston Partners decreased its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 299,584 shares of the construction company’s stock after selling 17,327 shares during the period. Boston Partners owned approximately 1.06% of LSI Industries worth $3,763,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in LSI Industries in the first quarter worth $31,000. Macquarie Group Ltd. bought a new position in shares of LSI Industries during the 1st quarter valued at $33,000. Lazard Asset Management LLC boosted its position in LSI Industries by 112.8% in the fourth quarter. Lazard Asset Management LLC now owns 6,364 shares of the construction company’s stock worth $77,000 after purchasing an additional 3,373 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in LSI Industries during the second quarter valued at approximately $133,000. Finally, Virtu Financial LLC purchased a new position in LSI Industries during the fourth quarter valued at $132,000. 70.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

LYTS has been the topic of several recent analyst reports. HC Wainwright reiterated a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a research report on Friday, August 18th. Craig Hallum upped their target price on shares of LSI Industries from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Finally, StockNews.com began coverage on shares of LSI Industries in a report on Thursday, October 5th. They set a “strong-buy” rating on the stock.

Insider Activity

In other LSI Industries news, VP Thomas A. Caneris sold 5,909 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $15.72, for a total transaction of $92,889.48. Following the sale, the vice president now directly owns 41,911 shares in the company, valued at approximately $658,840.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, VP Thomas A. Caneris sold 5,909 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $15.72, for a total transaction of $92,889.48. Following the sale, the vice president now directly owns 41,911 shares in the company, valued at $658,840.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffery S. Bastian sold 2,070 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $15.72, for a total transaction of $32,540.40. Following the completion of the sale, the chief accounting officer now directly owns 23,821 shares in the company, valued at $374,466.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,418 shares of company stock valued at $556,771. 7.30% of the stock is currently owned by company insiders.

LSI Industries Stock Performance

NASDAQ LYTS opened at $12.69 on Tuesday. LSI Industries Inc. has a twelve month low of $10.27 and a twelve month high of $16.97. The stock has a market cap of $366.99 million, a PE ratio of 13.65 and a beta of 1.05. The stock has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $13.64. The company has a current ratio of 1.98, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Wednesday, November 1st. The construction company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $123.44 million during the quarter, compared to analysts’ expectations of $121.76 million. LSI Industries had a return on equity of 15.89% and a net margin of 5.58%. Equities analysts anticipate that LSI Industries Inc. will post 0.54 earnings per share for the current year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Monday, November 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.58%. LSI Industries’s dividend payout ratio is presently 21.51%.

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.