Principal Financial Group Inc. Increases Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Principal Financial Group Inc. boosted its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,793 shares of the construction company’s stock after acquiring an additional 1,398 shares during the quarter. Principal Financial Group Inc. owned about 0.05% of LSI Industries worth $214,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Swiss National Bank acquired a new stake in shares of LSI Industries in the fourth quarter valued at $680,000. BNP Paribas Financial Markets boosted its holdings in LSI Industries by 25.5% in the fourth quarter. BNP Paribas Financial Markets now owns 30,567 shares of the construction company’s stock valued at $430,000 after purchasing an additional 6,203 shares during the period. Jump Financial LLC boosted its holdings in LSI Industries by 23.9% in the fourth quarter. Jump Financial LLC now owns 35,921 shares of the construction company’s stock valued at $506,000 after purchasing an additional 6,921 shares during the period. Janney Montgomery Scott LLC lifted its holdings in LSI Industries by 12.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 40,265 shares of the construction company’s stock worth $567,000 after buying an additional 4,531 shares during the last quarter. Finally, Trexquant Investment LP lifted its holdings in LSI Industries by 141.7% during the 4th quarter. Trexquant Investment LP now owns 73,183 shares of the construction company’s stock worth $1,030,000 after buying an additional 42,910 shares during the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of LSI Industries in a report on Friday, August 16th.

LSI Industries Stock Performance

Shares of LYTS stock opened at $15.31 on Monday. The stock has a market capitalization of $445.98 million, a PE ratio of 16.46 and a beta of 0.87. LSI Industries Inc. has a 52-week low of $11.44 and a 52-week high of $17.33. The stock’s 50-day moving average price is $15.29 and its 200 day moving average price is $15.05. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.07.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $129.01 million for the quarter, compared to analysts’ expectations of $127.28 million. LSI Industries had a return on equity of 12.97% and a net margin of 5.32%. As a group, equities research analysts forecast that LSI Industries Inc. will post 0.88 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.31%. The ex-dividend date was Monday, August 26th. LSI Industries’s payout ratio is 21.51%.

Insiders Place Their Bets

In other LSI Industries news, VP Thomas A. Caneris sold 9,748 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the transaction, the vice president now owns 98,656 shares in the company, valued at approximately $1,437,417.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other LSI Industries news, VP Thomas A. Caneris sold 9,748 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the transaction, the vice president now owns 98,656 shares in the company, valued at approximately $1,437,417.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James Anthony Clark sold 33,331 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $485,632.67. Following the transaction, the chief executive officer now owns 361,099 shares in the company, valued at approximately $5,261,212.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,903 shares of company stock worth $756,227. Company insiders own 7.30% of the company’s stock.

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.