LSI Industries (NASDAQ:LYTS) Sets New 52-Week High – Time to Buy?

Shares of LSI Industries Inc. (NASDAQ:LYTS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $21.50 and last traded at $23.03, with a volume of 7374 shares changing hands. The stock had previously closed at $19.78.

LSI Industries Stock Up 27.6 %

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 stock has a 50 day moving average price of $19.74 and a 200 day moving average price of $17.29. The company has a market cap of $752.89 million, a P/E ratio of 32.21 and a beta of 0.93.

LSI Industries (NASDAQ:LYTS) last released its 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 11.71% and a net margin of 4.88%. Research analysts expect that LSI Industries Inc. will post 0.86 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Monday, November 18th. LSI Industries’s payout ratio is 25.32%.

Institutional Trading of LSI Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYTS. SG Americas Securities LLC boosted its position in shares of LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock worth $274,000 after buying an additional 2,731 shares during the period. Annex Advisory Services LLC lifted its stake in LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock worth $2,656,000 after acquiring an additional 30,464 shares in the last quarter. Fortitude Family Office LLC boosted its position in LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after acquiring an additional 2,995 shares during the period. Barclays PLC grew its stake in LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after acquiring an additional 37,660 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in LSI Industries during the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

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.