Jupiter Topco LLC Purchases New Shares in Lindsay Corporation $LNN

Jupiter Topco LLC purchased a new stake in Lindsay Corporation (NYSE:LNN) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,067 shares of the industrial products company’s stock, valued at approximately $627,000.

Other large investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Lindsay in the 4th quarter valued at $25,000. Advisory Services Network LLC bought a new position in Lindsay during the 3rd quarter worth approximately $30,000. Parallel Advisors LLC boosted its stake in shares of Lindsay by 1,295.8% in the 1st quarter. Parallel Advisors LLC now owns 335 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 311 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Lindsay during the fourth quarter worth $83,000. Finally, Global Retirement Partners LLC acquired a new position in Lindsay in the second quarter valued at $128,000. 89.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNN has been the topic of several research analyst reports. Weiss Ratings upgraded Lindsay from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Zacks Research cut Lindsay from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 1st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $113.00.

Lindsay Trading Up 0.2%

Shares of Lindsay stock opened at $123.61 on Monday. The company has a current ratio of 2.93, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $115.71 and a 200 day simple moving average of $116.26. Lindsay Corporation has a 12-month low of $97.27 and a 12-month high of $148.00. The company has a market capitalization of $1.26 billion, a P/E ratio of 23.73 and a beta of 0.70.

Lindsay (NYSE:LNN) last announced its earnings results on Thursday, July 2nd. The industrial products company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.14 by $0.39. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. The company had revenue of $160.76 million during the quarter, compared to the consensus estimate of $157.80 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, sell-side analysts anticipate that Lindsay Corporation will post 5.19 earnings per share for the current fiscal year.

Lindsay Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.2%. This is an increase from Lindsay’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, August 17th. Lindsay’s dividend payout ratio is 29.17%.

Lindsay News Summary

Here are the key news stories impacting Lindsay this week:

• Positive Sentiment: Lindsay’s most recent quarterly results exceeded expectations: earnings per share came in at $1.53 versus the $1.14 consensus estimate, while revenue of $160.8 million also topped forecasts. The earnings beat may be supporting the stock, despite year-over-year revenue and EPS declines.
• Neutral Sentiment: The shares remain above their 50-day and 200-day moving averages, indicating relatively firm near-term technical momentum. However, the stock remains well below its one-year high, and analysts expect full-year EPS of approximately $5.19.
• Negative Sentiment: Zacks Research downgraded Lindsay from “hold” to “strong sell.” The downgrade likely reflects concerns about slowing operating performance, including the 5.2% year-over-year revenue decline and lower quarterly EPS compared with the prior-year period.
• Neutral Sentiment: Several widely circulated reports concern the Lindsay Clancy criminal trial, not Lindsay Corporation. Those stories are unrelated to LNN and should not affect the company’s valuation or operations.

Lindsay Company Profile

Lindsay Corporation (NYSE: LNN) is a U.S.-based manufacturer of agricultural irrigation and infrastructure products. Headquartered in Omaha, Nebraska, the company has built a reputation for designing and producing center pivot and lateral‐move irrigation systems under the Zimmatic brand. These systems feature advanced controls, precision sprinklers and automated monitoring technology that help growers optimize water use, improve crop yields and enhance sustainability in a variety of row-crop, specialty crop and forage operations.

Beyond its core irrigation business, Lindsay operates an infrastructure segment that delivers engineered products and services for water and roadway management.