Jackson Creek Investment Advisors LLC Buys Shares of 14,991 Lindsay Corporation $LNN

Jackson Creek Investment Advisors LLC bought a new stake in Lindsay Corporation (NYSE:LNN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,991 shares of the industrial products company’s stock, valued at approximately $1,767,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNN. Advisory Services Network LLC purchased a new position in Lindsay in the third quarter valued at about $30,000. Copeland Capital Management LLC purchased a new position in Lindsay in the fourth quarter valued at about $62,000. Russell Investments Group Ltd. grew its stake in Lindsay by 2,226.8% in the third quarter. Russell Investments Group Ltd. now owns 954 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 913 shares in the last quarter. State of Wyoming grew its stake in Lindsay by 196.4% in the second quarter. State of Wyoming now owns 1,227 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 813 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Lindsay by 23.9% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,363 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Analyst Upgrades and Downgrades

LNN has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Lindsay from $128.00 to $113.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Zacks Research downgraded Lindsay from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings downgraded Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $113.00.

Lindsay Stock Performance

LNN opened at $111.05 on Wednesday. The company has a market cap of $1.15 billion, a PE ratio of 20.34 and a beta of 0.73. The stock has a 50-day moving average of $111.10 and a 200-day moving average of $119.08. Lindsay Corporation has a 52-week low of $97.27 and a 52-week high of $150.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.15 and a current ratio of 3.02.

Lindsay (NYSE:LNN) last released its quarterly earnings results on Thursday, April 2nd. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.45). The company had revenue of $157.72 million for the quarter, compared to the consensus estimate of $163.52 million. Lindsay had a return on equity of 11.28% and a net margin of 9.25%.The business’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. As a group, equities research analysts forecast that Lindsay Corporation will post 5.19 earnings per share for the current fiscal year.

Lindsay Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, May 15th. Lindsay’s dividend payout ratio is 27.11%.

Lindsay 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.