American Century Companies Inc. Has $4.92 Million Stake in LSI Industries Inc. (NASDAQ:LYTS)

American Century Companies Inc. lowered its position in LSI Industries Inc. (NASDAQ:LYTS) by 27.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 253,520 shares of the construction company’s stock after selling 93,826 shares during the quarter. American Century Companies Inc.’s holdings in LSI Industries were worth $4,923,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC raised its position in LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 37,660 shares during the last quarter. Annex Advisory Services LLC raised its holdings in shares of LSI Industries by 28.7% in the fourth 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. Bleakley Financial Group LLC raised its holdings in shares of LSI Industries by 228.8% in the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after buying an additional 24,096 shares during the last quarter. Savant Capital LLC acquired a new position in LSI Industries during the 4th quarter worth about $368,000. Finally, Raymond James Financial Inc. bought a new stake in LSI Industries during the 4th quarter worth about $362,000. 73.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LYTS. StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday. HC Wainwright boosted their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Canaccord Genuity Group increased their price objective 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 Stock Performance

Shares of NASDAQ:LYTS opened at $15.39 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The stock has a market capitalization of $460.48 million, a P/E ratio of 19.99 and a beta of 1.00. The business has a 50-day moving average price of $18.84 and a two-hundred day moving average price of $18.65.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Equities analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is currently 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.