Hsbc Holdings PLC Decreases Stock Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Hsbc Holdings PLC cut its stake in LSI Industries Inc. (NASDAQ:LYTS) by 5.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,140 shares of the construction company’s stock after selling 3,049 shares during the quarter. Hsbc Holdings PLC’s holdings in LSI Industries were worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of LSI Industries by 354.1% in the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company’s stock worth $4,734,000 after acquiring an additional 190,095 shares during the period. JPMorgan Chase & Co. grew its holdings in LSI Industries by 203.0% in the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company’s stock valued at $1,681,000 after purchasing an additional 57,989 shares during the last quarter. EAM Investors LLC purchased a new position in shares of LSI Industries in the fourth quarter valued at $1,002,000. Integrated Quantitative Investments LLC acquired a new position in shares of LSI Industries during the 4th quarter worth $901,000. Finally, Knights of Columbus Asset Advisors LLC purchased a new stake in shares of LSI Industries in the 4th quarter worth about $878,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LYTS shares. Canaccord Genuity Group dropped their target price on shares of LSI Industries from $26.00 to $22.00 and set a “buy” rating for the company in a report on Friday, April 25th. StockNews.com downgraded LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, HC Wainwright reiterated a “buy” rating and set a $30.00 target price on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries Trading Up 4.5 %

Shares of LYTS stock opened at $15.95 on Friday. The company has a market capitalization of $477.24 million, a price-to-earnings ratio of 20.71 and a beta of 0.70. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $16.63 and a 200 day moving average price of $18.54. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $132.48 million for the quarter, compared to the consensus estimate of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Monday, May 5th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 5th. This represents a $0.20 annualized dividend and a yield of 1.25%. LSI Industries’s payout ratio is currently 27.78%.

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.