LSI Industries (NASDAQ:LYTS) Sets New 1-Year High – Still a Buy?

LSI Industries Inc. (NASDAQ:LYTS) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $21.50 and last traded at $23.03, with a volume of 7374 shares. 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 firm has a market capitalization of $752.89 million, a P/E ratio of 32.21 and a beta of 0.93. The stock has a fifty day moving average price of $19.74 and a two-hundred day moving average price of $17.29.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%. Research analysts forecast that LSI Industries Inc. will post 0.86 EPS for the current year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. 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 Investors Weigh In On LSI Industries

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in LSI Industries in the 3rd quarter valued at approximately $39,000. Fortitude Family Office LLC increased its holdings in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after purchasing an additional 2,995 shares during the period. SG Americas Securities LLC bought a new stake in shares of LSI Industries during the third quarter valued at about $183,000. Squarepoint Ops LLC acquired a new stake in LSI Industries in the second quarter worth about $191,000. Finally, Y Intercept Hong Kong Ltd bought a new position in LSI Industries in the 3rd quarter valued at about $205,000. 73.91% of the stock is currently owned by institutional investors.

About LSI Industries

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.