Lindsay (NYSE:LNN) Lifted to "Buy" at StockNews.com

Lindsay (NYSE:LNN - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently weighed in on LNN. Stifel Nicolaus reduced their price target on shares of Lindsay from $129.00 to $123.00 and set a "hold" rating for the company in a research report on Tuesday, December 19th. TheStreet downgraded shares of Lindsay from a "b-" rating to a "c+" rating in a report on Tuesday, March 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Lindsay presently has an average rating of "Moderate Buy" and an average price target of $136.50.

Lindsay Stock Down 0.6 %

NYSE LNN traded down $0.67 on Thursday, hitting $114.68. The stock had a trading volume of 251,010 shares, compared to its average volume of 85,602. The business's fifty day moving average price is $121.40 and its 200 day moving average price is $122.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.53 and a quick ratio of 2.37. Lindsay has a 52-week low of $106.46 and a 52-week high of $137.31. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 18.32 and a beta of 0.61.

Lindsay (NYSE:LNN - Get Free Report) last posted its earnings results on Thursday, April 4th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.12. The company had revenue of $151.50 million during the quarter, compared to the consensus estimate of $172.06 million. Lindsay had a net margin of 10.49% and a return on equity of 15.53%. The firm's quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 earnings per share. Equities research analysts anticipate that Lindsay will post 5.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Lindsay in the fourth quarter valued at about $28,000. Quest Partners LLC purchased a new position in shares of Lindsay during the fourth quarter valued at approximately $51,000. CWM LLC lifted its stake in shares of Lindsay by 129.6% during the fourth quarter. CWM LLC now owns 489 shares of the industrial products company's stock valued at $63,000 after buying an additional 276 shares during the period. Royal Bank of Canada lifted its stake in shares of Lindsay by 23.6% during the third quarter. Royal Bank of Canada now owns 514 shares of the industrial products company's stock valued at $74,000 after buying an additional 98 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Lindsay by 195.3% during the second quarter. Tower Research Capital LLC TRC now owns 942 shares of the industrial products company's stock valued at $112,000 after buying an additional 623 shares during the period. 89.94% of the stock is currently owned by institutional investors and hedge funds.

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.

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