10,327 Shares in LSI Industries Inc. (NASDAQ:LYTS) Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,327 shares of the construction company’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of LSI Industries by 187.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 44,685 shares of the construction company’s stock valued at $629,000 after acquiring an additional 29,140 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of LSI Industries in the fourth quarter worth $35,000. Legato Capital Management LLC raised its position in shares of LSI Industries by 37.9% during the 4th quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock valued at $5,301,000 after purchasing an additional 103,480 shares during the period. SG Americas Securities LLC purchased a new position in shares of LSI Industries during the 4th quarter valued at $121,000. Finally, Citigroup Inc. boosted its holdings in LSI Industries by 66.6% in the 3rd quarter. Citigroup Inc. now owns 29,349 shares of the construction company’s stock worth $466,000 after buying an additional 11,731 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research 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, April 22nd. Finally, Canaccord Genuity Group increased their price objective on shares of LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, April 26th.

LSI Industries Trading Up 4.3 %

Shares of LYTS stock opened at $15.87 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $461.34 million, a price-to-earnings ratio of 17.06 and a beta of 0.82. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The stock’s 50-day moving average price is $14.72 and its 200-day moving average price is $14.08.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, May 3rd. LSI Industries’s payout ratio is 21.51%.

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.