NBW Capital LLC Sells 3,093 Shares of LSI Industries Inc. (NASDAQ:LYTS)

NBW Capital LLC reduced its position in LSI Industries Inc. (NASDAQ:LYTS) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 134,565 shares of the construction company’s stock after selling 3,093 shares during the quarter. NBW Capital LLC owned approximately 0.45% of LSI Industries worth $2,613,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Systematic Financial Management LP boosted its stake in shares of LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after purchasing an additional 162,160 shares during the last quarter. State Street Corp lifted its position in shares of LSI Industries by 1.1% during the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company’s stock valued at $9,275,000 after acquiring an additional 6,098 shares during the period. Phocas Financial Corp. acquired a new position in shares of LSI Industries during the 3rd quarter valued at $3,682,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LSI Industries by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock valued at $2,345,000 after acquiring an additional 494 shares during the period. Finally, Annex Advisory Services LLC lifted its position in shares of LSI Industries by 28.7% during the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after acquiring an additional 30,464 shares during the period. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Down 3.6 %

LSI Industries stock opened at $17.82 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $19.99 and its 200 day moving average is $18.32. LSI Industries Inc. has a 12-month low of $13.63 and a 12-month high of $25.50. The company has a market capitalization of $533.19 million, a PE ratio of 23.14 and a beta of 0.94.

LSI Industries (NASDAQ:LYTS) last released 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%. As a group, sell-side analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.12%. LSI Industries’s payout ratio is 25.97%.

Analyst Upgrades and Downgrades

LYTS has been the topic of a number of research reports. Canaccord Genuity Group boosted their target price on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 24th. HC Wainwright boosted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

LSI Industries Company 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.