LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) declared a quarterly dividend on Wednesday, January 24th, investing.com reports. Shareholders of record on Monday, February 5th will be given a dividend of 0.05 per share by the construction company on Tuesday, February 13th. This represents a $0.20 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, February 2nd.
LSI Industries has a payout ratio of 17.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LSI Industries to earn $1.13 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 17.7%.
LSI Industries Trading Up 0.5 %
LSI Industries stock opened at $14.01 on Wednesday. The company has a 50 day moving average price of $13.72 and a 200 day moving average price of $14.15. LSI Industries has a 52 week low of $11.44 and a 52 week high of $16.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.98. The firm has a market capitalization of $405.17 million, a price-to-earnings ratio of 15.40 and a beta of 0.81.
Institutional Investors Weigh In On LSI Industries
Institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of LSI Industries during the 2nd quarter valued at $27,000. Tower Research Capital LLC TRC acquired a new stake in shares of LSI Industries during the 1st quarter valued at $31,000. Macquarie Group Ltd. acquired a new stake in shares of LSI Industries in the 1st quarter valued at $33,000. Osaic Holdings Inc. lifted its stake in shares of LSI Industries by 580.2% in the 2nd quarter. Osaic Holdings Inc. now owns 3,163 shares of the construction company’s stock valued at $40,000 after purchasing an additional 2,698 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of LSI Industries by 112.8% in the 4th quarter. Lazard Asset Management LLC now owns 6,364 shares of the construction company’s stock valued at $77,000 after purchasing an additional 3,373 shares during the last quarter. Institutional investors and hedge funds own 70.30% of the company’s stock.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th.
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.
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