Lindsay Corp. (LNN) to Release Earnings on Thursday
Lindsay Corp. (NYSE:LNN) is set to post its Q416 quarterly earnings results on Thursday, October 13th.
Lindsay Corp. (NYSE:LNN) opened at 70.70 on Wednesday. Lindsay Corp. has a 12 month low of $62.99 and a 12 month high of $79.27. The stock’s 50 day moving average price is $72.31 and its 200-day moving average price is $71.23. The firm has a market capitalization of $751.54 million, a price-to-earnings ratio of 84.98 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 14th. This represents a $1.16 annualized dividend and a yield of 1.64%. Lindsay Corp.’s payout ratio is 133.33%.
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Several equities analysts recently issued reports on LNN shares. TheStreet upgraded Lindsay Corp. from a “hold” rating to a “buy” rating in a research report on Friday, July 1st. Zacks Investment Research lowered Lindsay Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, September 8th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $71.57.
Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Lindsay Corp. during the second quarter worth $202,000. Trexquant Investment LP acquired a new stake in shares of Lindsay Corp. during the second quarter worth $210,000. Profund Advisors LLC raised its stake in shares of Lindsay Corp. by 5.9% in the second quarter. Profund Advisors LLC now owns 3,152 shares of the company’s stock worth $214,000 after buying an additional 176 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Lindsay Corp. by 0.6% in the second quarter. BlackRock Advisors LLC now owns 5,254 shares of the company’s stock worth $357,000 after buying an additional 30 shares in the last quarter. Finally, Paloma Partners Management Co raised its stake in shares of Lindsay Corp. by 29.2% in the second quarter. Paloma Partners Management Co now owns 7,496 shares of the company’s stock worth $508,000 after buying an additional 1,696 shares in the last quarter.
Lindsay Corp. Company Profile
Lindsay Corporation provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. Its Irrigation Segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems, which are used principally in the agricultural industry.
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