Nebula Research & Development LLC Buys 2,380 Shares of Lindsay Co. (NYSE:LNN)

Nebula Research & Development LLC raised its holdings in shares of Lindsay Co. (NYSE:LNN - Free Report) by 74.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,586 shares of the industrial products company's stock after acquiring an additional 2,380 shares during the quarter. Nebula Research & Development LLC owned approximately 0.05% of Lindsay worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LNN. Vanguard Group Inc. boosted its position in shares of Lindsay by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 1,260,171 shares of the industrial products company's stock worth $149,091,000 after purchasing an additional 10,649 shares during the period. KBC Group NV boosted its holdings 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 buying an additional 5,382 shares during the period. Dimensional Fund Advisors LP increased its stake in Lindsay by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 345,943 shares of the industrial products company's stock worth $40,929,000 after buying an additional 2,207 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in Lindsay by 37.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 331,027 shares of the industrial products company's stock valued at $39,164,000 after acquiring an additional 89,373 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Lindsay by 3.7% in the fourth quarter. First Trust Advisors LP now owns 207,403 shares of the industrial products company's stock valued at $24,538,000 after acquiring an additional 7,362 shares in the last quarter. Institutional investors own 89.94% of the company's stock.

Lindsay Price Performance

Shares of LNN traded up $2.44 during midday trading on Friday, hitting $132.84. 36,954 shares of the company traded hands, compared to its average volume of 85,525. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.32 and a beta of 0.81. The firm has a 50 day moving average of $127.56 and a 200-day moving average of $127.51. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.65 and a current ratio of 3.87. Lindsay Co. has a 52 week low of $109.27 and a 52 week high of $140.27.

Lindsay (NYSE:LNN - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The industrial products company reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.55. The company had revenue of $187.10 million during 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 firm's revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 earnings per share. On average, analysts forecast that Lindsay Co. will post 5.82 EPS for the current fiscal year.

Lindsay Dividend Announcement

The firm 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 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 1.08%. Lindsay's dividend payout ratio (DPR) is currently 20.48%.

Wall Street Analysts Forecast Growth

LNN has been the subject of several research analyst reports. Stifel Nicolaus cut their target price on Lindsay from $134.00 to $128.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. StockNews.com raised 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.