Lindsay (NYSE:LNN)‘s stock had its “hold” rating reaffirmed by equities researchers at Stifel Nicolaus in a report released on Thursday. They presently have a $91.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price target points to a potential upside of 2.25% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. TheStreet raised shares of Lindsay from a “c+” rating to a “b-” rating in a research report on Thursday, November 16th. Boenning Scattergood reaffirmed a “hold” rating on shares of Lindsay in a report on Thursday, October 12th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $80.00 target price on shares of Lindsay in a report on Sunday, September 10th. Zacks Investment Research cut shares of Lindsay from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub cut shares of Lindsay from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $95.25.

Shares of Lindsay (NYSE:LNN) traded down $1.24 during trading hours on Thursday, reaching $89.00. 104,300 shares of the company’s stock traded hands, compared to its average volume of 81,592. The company has a quick ratio of 2.25, a current ratio of 3.18 and a debt-to-equity ratio of 0.43. Lindsay has a 52-week low of $72.85 and a 52-week high of $96.22. The company 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.

Lindsay (NYSE:LNN) last issued its quarterly 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. Lindsay had a net margin of 4.47% and a return on equity of 8.95%. The firm had revenue of $131.94 million for the quarter, compared to analysts’ expectations of $134.83 million. research analysts expect that Lindsay will post 2.94 EPS for the current year.

Several hedge funds have recently modified their holdings of LNN. Teachers Advisors LLC raised its holdings in shares of Lindsay by 1.6% in the 1st quarter. Teachers Advisors LLC now owns 20,768 shares of the industrial products company’s stock valued at $1,830,000 after purchasing an additional 337 shares during the period. US Bancorp DE grew its stake in Lindsay by 55.6% in the 2nd quarter. US Bancorp DE now owns 2,800 shares of the industrial products company’s stock valued at $250,000 after buying an additional 1,000 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Lindsay by 41.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,390 shares of the industrial products company’s stock valued at $303,000 after buying an additional 1,000 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Lindsay by 4.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 15,658 shares of the industrial products company’s stock valued at $1,398,000 after buying an additional 599 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in Lindsay by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 7,761 shares of the industrial products company’s stock valued at $693,000 after buying an additional 65 shares during the last quarter. 94.31% of the stock is currently owned by institutional investors.

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Lindsay Company Profile

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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