LSI Industries (NASDAQ:LYTS) Reaches New 1-Year High – Here’s Why

LSI Industries Inc. (NASDAQ:LYTS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $21.19 and last traded at $21.04, with a volume of 80865 shares. The stock had previously closed at $20.12.

LSI Industries Stock Performance

The company’s 50 day moving average price is $18.59 and its 200-day moving average price is $16.42. The stock has a market cap of $622.42 million, a P/E ratio of 25.47 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 0.96%. LSI Industries’s dividend payout ratio (DPR) is 25.32%.

Hedge Funds Weigh In On LSI Industries

Several institutional investors have recently modified their holdings of LYTS. Bank of New York Mellon Corp boosted its position in LSI Industries by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 261,675 shares of the construction company’s stock worth $3,786,000 after purchasing an additional 9,223 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of LSI Industries by 37.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 52,988 shares of the construction company’s stock worth $767,000 after buying an additional 14,317 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in LSI Industries by 87.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock valued at $126,000 after buying an additional 4,065 shares during the period. TrueMark Investments LLC purchased a new stake in LSI Industries during the second quarter worth about $273,000. Finally, Principal Financial Group Inc. raised its position in LSI Industries by 10.4% in the second quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company’s stock worth $214,000 after acquiring an additional 1,398 shares during the period. 73.91% of the stock is owned by institutional investors.

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.