Lindsay Co. (NYSE:LNN) EVP David B. Downing sold 21,816 shares of Lindsay stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $86.11, for a total value of $1,878,575.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
David B. Downing also recently made the following trade(s):
- On Wednesday, December 27th, David B. Downing sold 26,265 shares of Lindsay stock. The stock was sold at an average price of $86.14, for a total value of $2,262,467.10.
Lindsay Co. (NYSE LNN) opened at $94.95 on Friday. Lindsay Co. has a 12-month low of $73.34 and a 12-month high of $96.22. The stock has a market capitalization of $1,020.00, a P/E ratio of 39.89, a P/E/G ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.24 and a current ratio of 3.29.
Lindsay (NYSE:LNN) last announced its quarterly earnings results on Thursday, December 21st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06). Lindsay had a return on equity of 9.65% and a net margin of 4.79%. The business had revenue of $124.53 million for the quarter, compared to analyst estimates of $117.11 million. During the same quarter last year, the firm posted $0.08 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. equities analysts forecast that Lindsay Co. will post 3.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.26%. Lindsay’s dividend payout ratio (DPR) is presently 50.42%.
A number of hedge funds have recently made changes to their positions in LNN. Nuance Investments LLC boosted its position in Lindsay by 52.7% during the 3rd quarter. Nuance Investments LLC now owns 78,965 shares of the industrial products company’s stock worth $7,257,000 after acquiring an additional 27,268 shares during the period. Impax Asset Management LTD boosted its position in Lindsay by 5.8% during the 3rd quarter. Impax Asset Management LTD now owns 495,868 shares of the industrial products company’s stock worth $45,570,000 after acquiring an additional 27,117 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in Lindsay during the 3rd quarter worth $2,297,000. Vanguard Group Inc. boosted its position in Lindsay by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,014,967 shares of the industrial products company’s stock worth $90,586,000 after acquiring an additional 22,310 shares during the period. Finally, OxFORD Asset Management LLP boosted its position in Lindsay by 659.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 18,645 shares of the industrial products company’s stock worth $1,711,000 after acquiring an additional 16,190 shares during the period. Institutional investors own 93.97% of the company’s stock.
A number of research analysts recently issued reports on the company. TheStreet lowered Lindsay from a “b-” rating to a “c” rating in a research report on Tuesday, January 9th. Boenning Scattergood restated a “hold” rating on shares of Lindsay in a research report on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and set a $91.00 price objective on shares of Lindsay in a research report on Thursday, December 14th. Finally, Zacks Investment Research lowered Lindsay from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $95.25.
Lindsay Company Profile
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.
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