State Street Corp Grows Holdings in LSI Industries Inc. (NASDAQ:LYTS)

State Street Corp grew its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 574,275 shares of the construction company’s stock after buying an additional 6,098 shares during the period. State Street Corp’s holdings in LSI Industries were worth $9,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in shares of LSI Industries in the 2nd quarter valued at $28,000. Quarry LP bought a new stake in shares of LSI Industries in the 3rd quarter valued at about $39,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in LSI Industries by 87.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock valued at $126,000 after purchasing an additional 4,065 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of LSI Industries during the third quarter valued at approximately $183,000. Finally, Squarepoint Ops LLC bought a new position in shares of LSI Industries in the second quarter worth approximately $191,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Price Performance

LYTS stock opened at $19.79 on Friday. The stock has a market capitalization of $590.49 million, a price-to-earnings ratio of 25.05 and a beta of 0.92. The firm’s 50-day moving average price is $19.05 and its two-hundred day moving average price is $16.64. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. LSI Industries Inc. has a 12-month low of $13.32 and a 12-month high of $21.19.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a dividend yield of 1.01%. LSI Industries’s dividend payout ratio is presently 25.32%.

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.