6 days Ago By Defense World Staff
Legal & General Group Plc lowered its stake in LSI Industries Inc. (NASDAQ:LYTS – Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 30,350 shares of the construction company’s stock after selling 2,428 shares during the quarter. Legal & General Group Plc owned 0.10% of LSI Industries worth $589,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in shares of LSI Industries by 117.1% during the third quarter.
Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after purchasing an additional 37,660 shares in the last quarter. Bleakley Financial Group LLC increased its stake in LSI Industries by 228.8% during the 4th quarter.
Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock worth $672,000 after buying an additional 24,096 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of LSI Industries during the fourth quarter valued at approximately $317,000. SG Americas Securities LLC lifted its position in shares of LSI Industries by 24.
1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after acquiring an additional 2,731 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of LSI Industries by 4.
2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after acquiring an additional 1,876 shares during the last quarter. Hedge funds and other institutional investors own 73.
91% of the company’s stock. LSI Industries Stock Down 1.5 %NASDAQ LYTS opened at $14.
65 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. LSI Industries Inc.
has a 52 week low of $13.63 and a 52 week high of $25.50.
The business’s fifty day simple moving average is $16.94 and its 200-day simple moving average is $18.59.
The firm has a market cap of $438.34 million, a PE ratio of 19.03 and a beta of 0.
70. LSI Industries (NASDAQ:LYTS – Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.
13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $132.
48 million during the quarter, compared to analysts’ expectations of $129.72 million. LSI Industries had a net margin of 4.
47% and a return on equity of 11.25%. As a group, equities analysts anticipate that LSI Industries Inc.
will post 0.7 earnings per share for the current year. LSI Industries Dividend AnnouncementThe firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th.
Investors of record on Monday, May 5th will be given a dividend of $0.05 per share. This represents a $0.
20 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Monday, May 5th.
LSI Industries’s payout ratio is 27.78%. Analyst Ratings ChangesLYTS has been the topic of a number of research reports.
HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of LSI Industries in a report on Friday. StockNews.
com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Finally, Canaccord Genuity Group cut their price objective on shares of LSI Industries from $26.00 to $22.
00 and set a “buy” rating for the company in a report on Friday.Get Our Latest Stock Report on LYTSAbout LSI Industries (Free Report)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.Featured ArticlesFive stocks we like better than LSI IndustriesInsider Trades May Not Tell You What You ThinkBest Defense Stocks in 2025..
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(NASDAQ:LYTS – Free Report)..
