Lindsay Co. (NYSE:LNN) Receives Average Recommendation of “Moderate Buy” from Analysts

Lindsay Co. (NYSE:LNN) has been given a consensus recommendation of “Moderate Buy” by the four ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $138.33.

A number of research analysts have commented on the company. Northcoast Research upgraded Lindsay from a “neutral” rating to a “buy” rating and set a $142.00 target price on the stock in a research note on Friday, April 5th. TheStreet downgraded Lindsay from a “b-” rating to a “c+” rating in a research note on Tuesday, March 5th. Finally, StockNews.com downgraded Lindsay from a “buy” rating to a “hold” rating in a research note on Friday, April 12th.

Lindsay Stock Down 2.2 %

Shares of Lindsay stock opened at $116.37 on Thursday. The stock’s fifty day moving average is $117.48 and its 200-day moving average is $122.94. The firm has a market capitalization of $1.28 billion, a PE ratio of 18.56 and a beta of 0.61. The company has a quick ratio of 2.58, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. Lindsay has a 12-month low of $106.46 and a 12-month high of $137.31.

Lindsay (NYSE:LNN) last posted its quarterly earnings results on Thursday, April 4th. The industrial products company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.12. The firm had revenue of $151.50 million for the quarter, compared to analyst estimates of $172.06 million. Lindsay had a return on equity of 15.04% and a net margin of 10.74%. Lindsay’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Equities analysts anticipate that Lindsay will post 5.46 earnings per share for the current year.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.40 annualized dividend and a dividend yield of 1.20%. Lindsay’s dividend payout ratio (DPR) is presently 22.33%.

Institutional Trading of Lindsay

Several hedge funds have recently added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new position in Lindsay in the 4th quarter valued at approximately $28,000. Quest Partners LLC acquired a new position in Lindsay in the 4th quarter valued at approximately $51,000. Tompkins Financial Corp raised its holdings in Lindsay by 66.7% in the 1st quarter. Tompkins Financial Corp now owns 500 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 200 shares in the last quarter. CWM LLC raised its holdings in Lindsay by 129.6% in the 4th quarter. CWM LLC now owns 489 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 276 shares in the last quarter. Finally, Windmill Hill Asset Management Ltd acquired a new position in Lindsay in the 4th quarter valued at approximately $208,000. Institutional investors own 89.94% of the company’s stock.

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.