LSI Industries Inc. (NASDAQ:LYTS) is Legato Capital Management LLC’s 8th Largest Position

Legato Capital Management LLC trimmed its position in LSI Industries Inc. (NASDAQ:LYTS) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,743 shares of the construction company’s stock after selling 24,678 shares during the period. LSI Industries accounts for 0.9% of Legato Capital Management LLC’s portfolio, making the stock its 8th biggest position. Legato Capital Management LLC owned approximately 1.22% of LSI Industries worth $7,044,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Phocas Financial Corp. purchased a new stake in shares of LSI Industries in the 3rd quarter worth about $3,682,000. Systematic Financial Management LP boosted its stake in LSI Industries by 7.1% during the third quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock worth $39,392,000 after acquiring an additional 162,160 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in LSI Industries in the third quarter worth about $611,000. 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 valued at $1,127,000 after purchasing an additional 37,660 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its holdings in shares of LSI Industries by 28.7% during the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after purchasing an additional 30,464 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Price Performance

NASDAQ LYTS opened at $20.60 on Wednesday. LSI Industries Inc. has a one year low of $13.55 and a one year high of $25.50. The stock has a 50-day moving average of $20.06 and a 200 day moving average of $17.91. 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 capitalization of $614.70 million, a price-to-earnings ratio of 26.75 and a beta of 0.94.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.42% and a net margin of 4.47%. On average, sell-side analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, February 3rd. LSI Industries’s payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

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

LSI Industries 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.