Lindsay (NYSE:LNN) Price Target Lowered to $128.00 at Stifel Nicolaus

Lindsay (NYSE:LNN - Get Free Report) had its price objective lowered by research analysts at Stifel Nicolaus from $134.00 to $128.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' target price indicates a potential upside of 4.24% from the company's current price.

Separately, StockNews.com raised shares of Lindsay from a "hold" rating to a "buy" rating in a research note on Friday, April 11th.

Lindsay Trading Down 1.0 %

Shares of Lindsay stock traded down $1.27 during trading on Wednesday, reaching $122.79. 20,113 shares of the stock were exchanged, compared to its average volume of 86,198. Lindsay has a 1 year low of $109.27 and a 1 year high of $140.27. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $128.73 and its 200 day moving average is $127.00. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 19.71 and a beta of 0.72.

Lindsay (NYSE:LNN - Get Free Report) last announced its earnings results on Thursday, April 3rd. The industrial products company reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.55. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The firm had revenue of $187.10 million for the quarter, compared to analyst estimates of $174.50 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities research analysts expect that Lindsay will post 5.82 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in Lindsay by 248.8% during the third quarter. Barclays PLC now owns 19,607 shares of the industrial products company's stock valued at $2,446,000 after buying an additional 13,986 shares during the period. GAMMA Investing LLC lifted its holdings in Lindsay by 90.3% in the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company's stock worth $33,000 after purchasing an additional 131 shares in the last quarter. SG Americas Securities LLC increased its holdings in Lindsay by 746.5% in the 4th quarter. SG Americas Securities LLC now owns 52,138 shares of the industrial products company's stock valued at $6,168,000 after acquiring an additional 45,979 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of Lindsay during the fourth quarter valued at about $679,000. Finally, KBC Group NV increased its stake in Lindsay by 1.6% in the 4th quarter. KBC Group NV now owns 348,514 shares of the industrial products company's stock worth $41,233,000 after acquiring an additional 5,382 shares during the last quarter. Institutional investors own 89.94% of the company's stock.

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.