American Century Companies Inc. Boosts Stock Position in Lindsay Co. (NYSE:LNN)

American Century Companies Inc. lifted its holdings in Lindsay Co. (NYSE:LNN - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,802 shares of the industrial products company's stock after acquiring an additional 2,229 shares during the period. American Century Companies Inc. owned approximately 0.40% of Lindsay worth $5,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNN. AlphaQuest LLC acquired a new position in shares of Lindsay during the 4th quarter valued at $32,000. GAMMA Investing LLC grew its stake in Lindsay by 90.3% in the fourth quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 131 shares during the period. Global Retirement Partners LLC raised its position in shares of Lindsay by 10.3% during the fourth quarter. Global Retirement Partners LLC now owns 925 shares of the industrial products company's stock worth $109,000 after purchasing an additional 86 shares during the period. Van ECK Associates Corp grew its holdings in shares of Lindsay by 73.1% during the fourth quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock valued at $175,000 after buying an additional 623 shares during the last quarter. Finally, Gitterman Wealth Management LLC raised its holdings in shares of Lindsay by 6.1% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock worth $207,000 after acquiring an additional 101 shares during the last quarter. 89.94% of the stock is owned by institutional investors and hedge funds.

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Lindsay Stock Performance

Shares of LNN stock traded down $0.07 on Monday, hitting $119.72. 225,363 shares of the stock were exchanged, compared to its average volume of 86,528. The firm has a market capitalization of $1.30 billion, a PE ratio of 19.22 and a beta of 0.72. Lindsay Co. has a one year low of $109.27 and a one year high of $140.27. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average is $131.04 and its two-hundred day moving average is $127.02.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.89 by $0.55. The company had revenue of $187.10 million during the quarter, compared to the consensus estimate of $174.50 million. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. Lindsay's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the firm earned $1.64 EPS. Sell-side analysts expect that Lindsay Co. will post 5.82 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.44 annualized dividend and a yield of 1.20%. Lindsay's payout ratio is 23.11%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNN shares. StockNews.com lowered Lindsay from a "buy" rating to a "hold" rating in a research report on Thursday. Stifel Nicolaus increased their price target on shares of Lindsay from $130.00 to $134.00 and gave the company a "hold" rating in a research report on Friday.

About Lindsay

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.