Lindsay (NYSE:LNN) Upgraded at StockNews.com

StockNews.com upgraded shares of Lindsay (NYSE:LNN - Free Report) from a hold rating to a buy rating in a research report released on Friday.

Separately, Stifel Nicolaus lifted their target price on Lindsay from $130.00 to $134.00 and gave the stock a "hold" rating in a report on Friday, April 4th.

Lindsay Trading Up 0.7 %

NYSE:LNN traded up $0.93 on Friday, reaching $128.37. The company's stock had a trading volume of 38,998 shares, compared to its average volume of 86,550. The firm has a market cap of $1.39 billion, a PE ratio of 20.61 and a beta of 0.72. Lindsay has a 1-year low of $109.27 and a 1-year high of $140.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. The business's 50-day moving average price is $129.16 and its two-hundred day moving average price is $126.95.

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

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Lindsay Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, May 16th. Lindsay's payout ratio is 20.48%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaQuest LLC acquired a new stake in Lindsay in the fourth quarter valued at approximately $32,000. GAMMA Investing LLC grew its position 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. Global Retirement Partners LLC lifted its holdings in 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 acquiring an additional 86 shares during the period. Van ECK Associates Corp grew its stake in Lindsay by 73.1% in the 4th quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 623 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Lindsay by 729.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,709 shares of the industrial products company's stock valued at $202,000 after purchasing an additional 1,503 shares during the last quarter. 89.94% of the stock is owned by institutional investors.

Lindsay Company Profile

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.