12,400 Shares in Lindsay Corporation (NYSE:LNN) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC purchased a new stake in Lindsay Corporation (NYSE:LNN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,400 shares of the industrial products company's stock, valued at approximately $1,569,000. Jackson Creek Investment Advisors LLC owned 0.11% of Lindsay as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNN. Victory Capital Management Inc. increased its holdings in shares of Lindsay by 0.7% in the 1st quarter. Victory Capital Management Inc. now owns 10,792 shares of the industrial products company's stock worth $1,365,000 after buying an additional 76 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Lindsay by 1.8% in the 4th quarter. Corient Private Wealth LLC now owns 4,515 shares of the industrial products company's stock worth $534,000 after purchasing an additional 78 shares during the period. GAMMA Investing LLC boosted its stake in shares of Lindsay by 55.8% during the 1st quarter. GAMMA Investing LLC now owns 430 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 154 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Lindsay by 1.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 10,588 shares of the industrial products company's stock valued at $1,253,000 after buying an additional 177 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Lindsay by 12.8% during the fourth quarter. Hsbc Holdings PLC now owns 1,891 shares of the industrial products company's stock valued at $225,000 after buying an additional 214 shares during the period. Institutional investors own 89.94% of the company's stock.

Lindsay Stock Down 1.2%

NYSE LNN traded down $1.61 during trading hours on Friday, reaching $137.03. 169,667 shares of the company's stock traded hands, compared to its average volume of 85,710. Lindsay Corporation has a 52-week low of $112.14 and a 52-week high of $150.96. The firm has a market cap of $1.49 billion, a PE ratio of 19.69 and a beta of 0.82. The firm has a 50-day simple moving average of $139.40 and a 200 day simple moving average of $132.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.64 and a quick ratio of 2.64.

Lindsay (NYSE:LNN - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The industrial products company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.42. The firm had revenue of $169.46 million during the quarter, compared to analysts' expectations of $157.87 million. Lindsay had a net margin of 11.21% and a return on equity of 15.09%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.85 earnings per share. Sell-side analysts anticipate that Lindsay Corporation will post 5.82 EPS for the current fiscal year.

Lindsay Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.08%. This is a positive change from Lindsay's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, August 15th. Lindsay's payout ratio is 20.69%.

Insider Transactions at Lindsay

In related news, CFO Brian L. Ketcham sold 3,999 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $149.09, for a total transaction of $596,210.91. Following the completion of the sale, the chief financial officer directly owned 9,621 shares in the company, valued at approximately $1,434,394.89. The trade was a 29.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LNN. Stifel Nicolaus raised their price objective on shares of Lindsay from $128.00 to $136.00 and gave the stock a "hold" rating in a report on Friday, June 27th. Wall Street Zen upgraded shares of Lindsay from a "hold" rating to a "buy" rating in a report on Friday, April 11th.

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.