Johnson Investment Counsel Inc. Takes Position in LSI Industries Inc. (NASDAQ:LYTS)

Johnson Investment Counsel Inc. purchased a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 116,830 shares of the construction company’s stock, valued at approximately $1,691,000. Johnson Investment Counsel Inc. owned about 0.40% of LSI Industries as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Swiss National Bank purchased a new stake in shares of LSI Industries during the fourth quarter valued at $680,000. G2 Investment Partners Management LLC boosted its position in LSI Industries by 23.5% in the 4th quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock valued at $5,982,000 after buying an additional 80,818 shares during the period. Annex Advisory Services LLC bought a new position in LSI Industries in the 1st quarter worth about $1,091,000. Navellier & Associates Inc. increased its position in shares of LSI Industries by 58.6% during the fourth quarter. Navellier & Associates Inc. now owns 60,493 shares of the construction company’s stock worth $852,000 after acquiring an additional 22,363 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of LSI Industries by 39.9% during the first quarter. First Eagle Investment Management LLC now owns 396,098 shares of the construction company’s stock valued at $5,989,000 after acquiring an additional 112,956 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Down 1.4 %

NASDAQ:LYTS opened at $15.31 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 2.17. The firm has a 50-day simple moving average of $15.27 and a 200-day simple moving average of $15.04. LSI Industries Inc. has a one year low of $11.44 and a one year high of $17.33. The firm has a market cap of $445.98 million, a P/E ratio of 16.47 and a beta of 0.87.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. LSI Industries had a return on equity of 12.97% and a net margin of 5.32%. The company had revenue of $129.01 million during the quarter, compared to analyst estimates of $127.28 million. Equities analysts anticipate that LSI Industries Inc. will post 0.88 EPS for the current fiscal year.

LSI Industries Announces Dividend

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

Insider Buying and Selling at LSI Industries

In other LSI Industries news, VP Thomas A. Caneris sold 9,748 shares of LSI Industries stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $142,028.36. Following the transaction, the vice president now directly owns 98,656 shares of the company’s stock, valued at $1,437,417.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other LSI Industries news, VP Thomas A. Caneris sold 9,748 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the completion of the sale, the vice president now directly owns 98,656 shares in the company, valued at $1,437,417.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO James E. Galeese sold 8,824 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $128,565.68. Following the sale, the chief financial officer now owns 145,631 shares in the company, valued at approximately $2,121,843.67. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,903 shares of company stock valued at $756,227. 7.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.