Lindsay Corp. (LNN) to Release Quarterly Earnings on Thursday
Lindsay Corp. (NYSE:LNN) will announce its Q416 earnings results on Thursday, October 13th.
Shares of Lindsay Corp. (NYSE:LNN) opened at 71.71 on Tuesday. The firm has a 50-day moving average price of $72.39 and a 200-day moving average price of $71.24. Lindsay Corp. has a 52 week low of $62.99 and a 52 week high of $79.27. The firm has a market capitalization of $762.28 million, a price-to-earnings ratio of 86.19 and a beta of 0.82.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 14th. This represents a $1.16 dividend on an annualized basis and a yield of 1.62%. Lindsay Corp.’s dividend payout ratio (DPR) is presently 133.33%.
A number of research analysts have issued reports on LNN shares. TheStreet upgraded Lindsay Corp. from a “hold” rating to a “buy” rating in a research report on Friday, July 1st. Zacks Investment Research lowered Lindsay Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.57.
Large investors have recently made changes to their positions in the company. BlackRock Advisors LLC raised its stake in shares of Lindsay Corp. by 0.6% in the second quarter. BlackRock Advisors LLC now owns 5,254 shares of the company’s stock worth $357,000 after buying an additional 30 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Lindsay Corp. by 2.3% in the second quarter. BlackRock Investment Management LLC now owns 45,899 shares of the company’s stock worth $3,115,000 after buying an additional 1,053 shares during the period. BlackRock Inc. raised its stake in shares of Lindsay Corp. by 9.9% in the second quarter. BlackRock Inc. now owns 17,987 shares of the company’s stock worth $1,221,000 after buying an additional 1,613 shares during the period. BlackRock Group LTD raised its stake in shares of Lindsay Corp. by 7.6% in the second quarter. BlackRock Group LTD now owns 48,787 shares of the company’s stock worth $3,311,000 after buying an additional 3,450 shares during the period. Finally, Trexquant Investment LP bought a new stake in shares of Lindsay Corp. during the second quarter worth about $210,000.
About Lindsay Corp.
Lindsay Corporation provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. Its Irrigation Segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems, which are used principally in the agricultural industry.
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