JPMorgan Chase & Co. Trims Position in LSI Industries Inc. (NASDAQ:LYTS)

JPMorgan Chase & Co. reduced its position in LSI Industries Inc. (NASDAQ:LYTS) by 61.6% in the 3rd quarter, Holdings Channel reports. The fund owned 28,561 shares of the construction company’s stock after selling 45,840 shares during the period. JPMorgan Chase & Co.’s holdings in LSI Industries were worth $461,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYTS. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of LSI Industries by 0.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock valued at $2,345,000 after purchasing an additional 494 shares during the period. Wedge Capital Management L L P NC boosted its stake in LSI Industries by 0.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 85,140 shares of the construction company’s stock worth $1,375,000 after buying an additional 740 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of LSI Industries by 1.4% during the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock valued at $1,328,000 after acquiring an additional 1,102 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of LSI Industries by 0.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company’s stock worth $4,948,000 after acquiring an additional 1,111 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of LSI Industries by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company’s stock worth $758,000 after acquiring an additional 1,535 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

LSI Industries Stock Down 1.4 %

LYTS opened at $21.45 on Wednesday. LSI Industries Inc. has a 1 year low of $13.35 and a 1 year high of $25.50. The firm has a 50 day moving average price of $19.93 and a 200 day moving average price of $17.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. The company has a market cap of $640.07 million, a PE ratio of 27.15 and a beta of 0.93.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.71% and a net margin of 4.88%. Sell-side analysts expect that LSI Industries Inc. will post 0.86 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. LSI Industries’s dividend payout ratio (DPR) is currently 25.32%.

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.