Allspring Global Investments Holdings LLC Purchases 29,140 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Allspring Global Investments Holdings LLC raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 187.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,685 shares of the construction company’s stock after buying an additional 29,140 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.15% of LSI Industries worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LYTS. Bank of New York Mellon Corp lifted its holdings in LSI Industries by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock valued at $4,475,000 after purchasing an additional 2,146 shares during the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of LSI Industries during the 3rd quarter valued at approximately $364,000. Los Angeles Capital Management LLC bought a new position in LSI Industries in the 3rd quarter worth approximately $1,073,000. Jump Financial LLC raised its holdings in LSI Industries by 6.2% during the 3rd quarter. Jump Financial LLC now owns 29,000 shares of the construction company’s stock valued at $461,000 after acquiring an additional 1,700 shares during the period. Finally, New York State Common Retirement Fund lifted its position in shares of LSI Industries by 1,506.6% during the third quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company’s stock worth $2,602,000 after acquiring an additional 153,673 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Up 0.5 %

LSI Industries stock opened at $14.59 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.24 and a current ratio of 2.16. LSI Industries Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The stock has a market cap of $424.13 million, a P/E ratio of 16.03 and a beta of 0.85. The firm’s fifty day moving average price is $14.55 and its 200-day moving average price is $14.15.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.13. LSI Industries had a return on equity of 14.91% and a net margin of 5.71%. The business had revenue of $109.01 million for the quarter, compared to analyst estimates of $107.70 million. Equities research analysts forecast that LSI Industries Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LYTS has been the topic of a number of recent research reports. StockNews.com raised LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. HC Wainwright reissued a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a report on Monday.

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.