TheStreet upgraded shares of Lindsay Corporation (NYSE:LNN) from a c+ rating to a b- rating in a research report report published on Thursday.

A number of other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Lindsay Corporation from a buy rating to a hold rating in a research report on Saturday, August 5th. Piper Jaffray Companies set a $80.00 price objective on shares of Lindsay Corporation and gave the stock a hold rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded shares of Lindsay Corporation from a buy rating to a hold rating in a research report on Friday, July 28th. Stifel Nicolaus set a $76.00 price objective on shares of Lindsay Corporation and gave the stock a hold rating in a research report on Friday, August 18th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Lindsay Corporation in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $95.00.

Lindsay Corporation (NYSE LNN) traded down $1.08 during trading hours on Thursday, hitting $88.15. 175,422 shares of the stock traded hands, compared to its average volume of 78,780. The company has a current ratio of 3.18, a quick ratio of 2.25 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $931.53, a P/E ratio of 40.89, a PEG ratio of 1.99 and a beta of 0.49. Lindsay Corporation has a one year low of $72.85 and a one year high of $95.04.

Lindsay Corporation (NYSE:LNN) last posted its earnings results on Thursday, October 12th. The industrial products company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.41 by $0.18. The company had revenue of $131.94 million during the quarter, compared to the consensus estimate of $134.83 million. Lindsay Corporation had a net margin of 4.47% and a return on equity of 8.95%. equities research analysts predict that Lindsay Corporation will post 2.95 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Wednesday, November 15th. Lindsay Corporation’s payout ratio is 55.30%.

Hedge funds have recently modified their holdings of the business. Flinton Capital Management LLC grew its position in Lindsay Corporation by 72.7% in the 2nd quarter. Flinton Capital Management LLC now owns 1,292 shares of the industrial products company’s stock worth $115,000 after purchasing an additional 544 shares in the last quarter. Acrospire Investment Management LLC grew its position in shares of Lindsay Corporation by 467.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,429 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 1,177 shares during the period. Van ECK Associates Corp grew its position in shares of Lindsay Corporation by 27.2% during the 2nd quarter. Van ECK Associates Corp now owns 1,692 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 362 shares during the period. State of Alaska Department of Revenue grew its position in shares of Lindsay Corporation by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 2,095 shares of the industrial products company’s stock valued at $186,000 after acquiring an additional 925 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Lindsay Corporation during the 2nd quarter valued at approximately $205,000. 96.96% of the stock is owned by institutional investors and hedge funds.

About Lindsay Corporation

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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