Navellier & Associates Inc. Has $603,000 Stake in LSI Industries Inc. (NASDAQ:LYTS)

Navellier & Associates Inc. lifted its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,064 shares of the construction company’s stock after purchasing an additional 3,785 shares during the quarter. Navellier & Associates Inc. owned 0.10% of LSI Industries worth $603,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LYTS. Systematic Financial Management LP raised its position in 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 buying an additional 162,160 shares during the last quarter. State Street Corp raised its position in LSI Industries by 1.1% in the 3rd quarter. State Street Corp now owns 574,275 shares of the construction company’s stock valued at $9,275,000 after buying an additional 6,098 shares during the last quarter. Phocas Financial Corp. purchased a new stake in LSI Industries in the 3rd quarter valued at $3,682,000. Connor Clark & Lunn Investment Management Ltd. raised its position in LSI Industries by 0.3% in 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 buying an additional 494 shares during the last quarter. Finally, 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 valued at $2,656,000 after buying an additional 30,464 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LYTS shares. HC Wainwright raised their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Canaccord Genuity Group raised their target price on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

LSI Industries Trading Down 4.2 %

Shares of LSI Industries stock opened at $19.29 on Friday. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The firm has a market cap of $577.15 million, a PE ratio of 25.05 and a beta of 0.94. The stock has a fifty day moving average price of $20.08 and a 200-day moving average price of $18.15. 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 (NASDAQ:LYTS) last announced 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%. Equities research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.04%. LSI Industries’s payout ratio is 25.97%.

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.