Lindsay (NYSE:LNN) Rating Lowered to “Strong Sell” at Zacks Research

Lindsay (NYSE:LNN) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Lindsay in a report on Tuesday, August 18th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $113.00.

Lindsay Stock Performance

LNN opened at $120.08 on Tuesday. The firm’s fifty day simple moving average is $115.78 and its two-hundred day simple moving average is $116.43. Lindsay has a 52-week low of $97.27 and a 52-week high of $148.00. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 23.05 and a beta of 0.70. The company has a quick ratio of 2.04, a current ratio of 2.93 and a debt-to-equity ratio of 0.23.

Lindsay (NYSE:LNN) last released its earnings results on Thursday, July 2nd. The industrial products company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.39. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. The business had revenue of $160.76 million during the quarter, compared to analysts’ expectations of $157.80 million. During the same quarter in the previous year, the company earned $1.78 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Equities analysts anticipate that Lindsay will post 5.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lindsay

A number of hedge funds have recently modified their holdings of LNN. PNC Financial Services Group Inc. lifted its stake in shares of Lindsay by 4.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,046 shares of the industrial products company’s stock worth $363,000 after buying an additional 120 shares in the last quarter. Sei Investments Co. raised its holdings in Lindsay by 2.3% in the 2nd quarter. Sei Investments Co. now owns 6,466 shares of the industrial products company’s stock valued at $933,000 after acquiring an additional 145 shares during the last quarter. Diversified Trust Co raised its holdings in Lindsay by 8.8% in the 1st quarter. Diversified Trust Co now owns 2,165 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 175 shares during the last quarter. Van ECK Associates Corp lifted its stake in Lindsay by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,739 shares of the industrial products company’s stock worth $244,000 after purchasing an additional 177 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Lindsay by 1.0% in the 3rd quarter. Swiss National Bank now owns 21,000 shares of the industrial products company’s stock worth $2,952,000 after purchasing an additional 200 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Lindsay News Roundup

Here are the key news stories impacting Lindsay this week:

• Neutral Sentiment: The news items concern the criminal trial of Lindsay Clancy, an unrelated individual, including a deadlocked jury, continued deliberations, and an arrest related to alleged juror intimidation. These developments have no apparent connection to Lindsay Corporation’s irrigation and infrastructure equipment business. Jury in Lindsay Clancy trial tells judge for a second time that it can’t agree on a verdict
• Neutral Sentiment: With no fresh earnings release, contract announcement, analyst action, or agricultural-equipment industry update included, the rise in LNN is likely being driven by broader market conditions, trading activity, or technical factors rather than the listed headlines. The most recent operating backdrop remains its prior quarterly report: earnings exceeded expectations, while revenue declined year over year.

About Lindsay

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.