Jupiter Topco LLC Makes New Investment in Lindsay Corporation $LNN

Jupiter Topco LLC bought a new stake in shares of Lindsay Corporation (NYSE:LNN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,067 shares of the industrial products company’s stock, valued at approximately $627,000.

Other large investors also recently modified their holdings of the company. Sei Investments Co. lifted its stake in Lindsay by 161.9% in the first quarter. Sei Investments Co. now owns 16,948 shares of the industrial products company’s stock valued at $2,018,000 after purchasing an additional 10,477 shares during the last quarter. KBC Group NV increased its position in Lindsay by 15.0% in the first quarter. KBC Group NV now owns 268,896 shares of the industrial products company’s stock worth $32,017,000 after buying an additional 35,061 shares during the last quarter. BlackRock Inc. purchased a new stake in Lindsay in the second quarter worth $219,361,000. John G Ullman & Associates Inc. raised its stake in shares of Lindsay by 7.4% in the first quarter. John G Ullman & Associates Inc. now owns 88,410 shares of the industrial products company’s stock valued at $10,527,000 after buying an additional 6,110 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Lindsay in the second quarter valued at $11,869,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

Key Lindsay News

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 Price Performance

Shares of NYSE LNN opened at $123.61 on Monday. The stock’s 50-day simple moving average is $115.71 and its two-hundred day simple moving average is $116.26. Lindsay Corporation has a twelve month low of $97.27 and a twelve month high of $148.00. The firm has a market capitalization of $1.26 billion, a P/E ratio of 23.73 and a beta of 0.70. The company has a quick ratio of 2.04, a current ratio of 2.93 and a debt-to-equity ratio of 0.23.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Thursday, July 2nd. The industrial products company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.14 by $0.39. The company had revenue of $160.76 million during the quarter, compared to analyst estimates of $157.80 million. Lindsay had a return on equity of 10.73% and a net margin of 8.79%.Lindsay’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.78 earnings per share. As a group, equities analysts anticipate that Lindsay Corporation will post 5.19 EPS for the current fiscal year.

Lindsay Increases Dividend

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

Analyst Ratings Changes

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

About Lindsay

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.