Lindsay (NYSE:LNN)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a research report issued on Thursday. They presently have a $91.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 2.25% from the company’s current price.

Several other equities analysts have also issued reports on LNN. BidaskClub lowered Lindsay from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $80.00 price target on shares of Lindsay in a research note on Sunday, September 10th. Boenning Scattergood reiterated a “hold” rating on shares of Lindsay in a research note on Thursday, October 12th. TheStreet lowered Lindsay from a “b” rating to a “c+” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research lowered Lindsay from a “hold” rating to a “sell” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $95.25.

Shares of Lindsay (NYSE:LNN) traded down $1.24 during midday trading on Thursday, reaching $89.00. The company’s stock had a trading volume of 104,300 shares, compared to its average volume of 81,592. The firm has a market cap of $965.30, a PE ratio of 41.78, a PEG ratio of 2.05 and a beta of 0.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.18 and a quick ratio of 2.25. Lindsay has a 52-week low of $72.85 and a 52-week high of $96.22.

Lindsay (NYSE:LNN) last announced its quarterly earnings data on Thursday, October 12th. The industrial products company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.18. Lindsay had a return on equity of 8.95% and a net margin of 4.47%. The firm had revenue of $131.94 million during the quarter, compared to analysts’ expectations of $134.83 million. equities research analysts expect that Lindsay will post 2.94 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. TIAA CREF Investment Management LLC grew its position in Lindsay by 0.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,570 shares of the industrial products company’s stock worth $2,550,000 after acquiring an additional 238 shares during the last quarter. Nuance Investments LLC grew its position in Lindsay by 60.9% during the 2nd quarter. Nuance Investments LLC now owns 51,697 shares of the industrial products company’s stock worth $4,614,000 after acquiring an additional 19,571 shares during the last quarter. State Street Corp grew its position in Lindsay by 3.8% during the 2nd quarter. State Street Corp now owns 269,948 shares of the industrial products company’s stock worth $24,094,000 after acquiring an additional 9,763 shares during the last quarter. Vanguard Group Inc. grew its position in Lindsay by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,014,967 shares of the industrial products company’s stock worth $90,586,000 after acquiring an additional 22,310 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Lindsay by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 20,506 shares of the industrial products company’s stock worth $1,833,000 after acquiring an additional 1,738 shares during the last quarter. Institutional investors and hedge funds own 94.31% of the company’s stock.

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About Lindsay

Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. The Irrigation Segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, which are used primarily in the agricultural industry.

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