Deutsche Bank AG lifted its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 157.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,066 shares of the construction company’s stock after buying an additional 35,488 shares during the quarter. Deutsche Bank AG owned approximately 0.23% of LSI Industries worth $397,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Adirondack Research & Management Inc. grew its position in shares of LSI Industries by 2.0% during the fourth quarter. Adirondack Research & Management Inc. now owns 332,108 shares of the construction company’s stock worth $2,285,000 after buying an additional 6,445 shares in the last quarter. Systematic Financial Management LP boosted its holdings in LSI Industries by 1.1% in the fourth quarter. Systematic Financial Management LP now owns 760,004 shares of the construction company’s stock valued at $5,229,000 after purchasing an additional 8,023 shares in the last quarter. First Personal Financial Services boosted its holdings in LSI Industries by 6.5% in the fourth quarter. First Personal Financial Services now owns 168,644 shares of the construction company’s stock valued at $1,160,000 after purchasing an additional 10,345 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in LSI Industries by 37.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 47,500 shares of the construction company’s stock valued at $327,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Creative Planning boosted its holdings in LSI Industries by 44.8% in the fourth quarter. Creative Planning now owns 48,475 shares of the construction company’s stock valued at $334,000 after purchasing an additional 15,000 shares in the last quarter. 80.64% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised LSI Industries from a “sell” rating to a “buy” rating and set a $9.25 price target for the company in a report on Wednesday, January 31st. Roth Capital reaffirmed a “hold” rating and issued a $8.00 price target on shares of LSI Industries in a report on Friday, January 26th. Singular Research assumed coverage on LSI Industries in a report on Friday, February 2nd. They issued a “buy” rating and a $9.80 price target for the company. Finally, Canaccord Genuity upped their price target on LSI Industries from $9.00 to $10.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.26.
Shares of LSI Industries opened at $5.64 on Friday, according to MarketBeat. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.69 and a quick ratio of 1.39. The company has a market capitalization of $143.87 million, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 1.01 and a beta of 1.71. LSI Industries Inc. has a 52-week low of $5.59 and a 52-week high of $5.60.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, April 26th. The construction company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $78.84 million during the quarter, compared to analyst estimates of $79.00 million. LSI Industries had a negative net margin of 4.73% and a positive return on equity of 3.90%. sell-side analysts predict that LSI Industries Inc. will post 0.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, May 7th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, May 4th. LSI Industries’s payout ratio is currently 105.26%.
LSI Industries Company Profile
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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