LSI Industries Inc. (LYTS) VP Buys $34,400.00 in Stock

LSI Industries Inc. (NASDAQ:LYTS) VP Howard E. Japlon bought 5,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $6.88 per share, for a total transaction of $34,400.00. Following the transaction, the vice president now owns 23,500 shares in the company, valued at approximately $161,680. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

LSI Industries Inc. (LYTS) traded up $0.30 during trading hours on Monday, reaching $7.21. 182,300 shares of the company’s stock traded hands, compared to its average volume of 95,943. The stock has a market cap of $185.96, a P/E ratio of 36.05, a PEG ratio of 1.44 and a beta of 1.68. LSI Industries Inc. has a 12 month low of $4.99 and a 12 month high of $10.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 2.64.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The company had revenue of $87.47 million for the quarter, compared to the consensus estimate of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. LSI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. research analysts anticipate that LSI Industries Inc. will post 0.19 earnings per share for the current fiscal year.

Several research firms have weighed in on LYTS. Roth Capital set a $7.00 target price on shares of LSI Industries and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Wednesday, October 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $9.00 target price on shares of LSI Industries in a research report on Thursday, October 26th.

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of LSI Industries by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock valued at $9,543,000 after acquiring an additional 32,383 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of LSI Industries by 1.9% during the first quarter. Geode Capital Management LLC now owns 190,663 shares of the construction company’s stock worth $1,922,000 after purchasing an additional 3,593 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of LSI Industries during the second quarter worth about $5,914,000. Dimensional Fund Advisors LP lifted its position in shares of LSI Industries by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock worth $16,542,000 after purchasing an additional 55,073 shares in the last quarter. Finally, State Street Corp lifted its position in shares of LSI Industries by 10.3% during the second quarter. State Street Corp now owns 414,532 shares of the construction company’s stock worth $3,753,000 after purchasing an additional 38,743 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors and hedge funds.

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LSI Industries Company Profile

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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