Graham Capital Management L.P. Acquires Shares of 2,794 Lindsay Co. (NYSE:LNN)

Graham Capital Management L.P. acquired a new position in shares of Lindsay Co. (NYSE:LNN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,794 shares of the industrial products company's stock, valued at approximately $331,000.

Other large investors have also modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of Lindsay during the 4th quarter worth about $32,000. Global Retirement Partners LLC increased its position in Lindsay by 10.3% during the 4th 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 in the last quarter. Van ECK Associates Corp increased its position in Lindsay by 73.1% during the 4th quarter. Van ECK Associates Corp now owns 1,475 shares of the industrial products company's stock worth $175,000 after purchasing an additional 623 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 worth $202,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Gitterman Wealth Management LLC increased its position in Lindsay by 6.1% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,753 shares of the industrial products company's stock worth $207,000 after purchasing an additional 101 shares in the last quarter. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindsay Stock Up 0.5%

NYSE:LNN traded up $0.67 during trading hours on Friday, hitting $137.75. The stock had a trading volume of 92,580 shares, compared to its average volume of 84,778. The company has a current ratio of 3.87, a quick ratio of 2.65 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 1-year low of $109.27 and a 1-year high of $143.69. The business has a 50 day simple moving average of $129.81 and a two-hundred day simple moving average of $129.36. The company has a market cap of $1.50 billion, a PE ratio of 22.11 and a beta of 0.81.

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

Lindsay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, May 16th. Lindsay's dividend payout ratio (DPR) is 20.48%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of Lindsay from a "hold" rating to a "buy" rating in a research report on Friday, April 11th. Stifel Nicolaus dropped their target price on shares of Lindsay from $134.00 to $128.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th.

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.