Lindsay (NYSE:LNN – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.
Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Lindsay in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lindsay has a consensus rating of “Reduce” and a consensus price target of $113.00.
Check Out Our Latest Report on Lindsay
Lindsay Trading Up 4.6%
Lindsay (NYSE:LNN – Get Free Report) last released its quarterly earnings data on Thursday, July 2nd. The industrial products company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.39. The business had revenue of $160.76 million during the quarter, compared to analysts’ expectations of $157.80 million. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.78 EPS. As a group, research analysts expect that Lindsay will post 5.19 EPS for the current fiscal year.
Institutional Trading of Lindsay
Institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in Lindsay by 161.9% during the 1st quarter. Sei Investments Co. now owns 16,948 shares of the industrial products company’s stock worth $2,018,000 after acquiring an additional 10,477 shares in the last quarter. KBC Group NV boosted its stake in Lindsay by 15.0% in the first quarter. KBC Group NV now owns 268,896 shares of the industrial products company’s stock valued at $32,017,000 after acquiring an additional 35,061 shares in the last quarter. John G Ullman & Associates Inc. grew its holdings in shares of Lindsay by 7.4% during the first quarter. John G Ullman & Associates Inc. now owns 88,410 shares of the industrial products company’s stock worth $10,527,000 after purchasing an additional 6,110 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Lindsay during the second quarter worth about $219,361,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Lindsay by 2,694.6% during the fourth quarter. Pacer Advisors Inc. now owns 29,679 shares of the industrial products company’s stock worth $3,498,000 after purchasing an additional 28,617 shares during the last quarter. Hedge funds and other institutional investors own 89.94% of the company’s stock.
Key Headlines Impacting Lindsay
Here are the key news stories impacting Lindsay this week:
- Neutral Sentiment: The news items concern the criminal trial of Lindsay Clancy, an unrelated individual, including a deadlocked jury, continued deliberations, and an arrest related to alleged juror intimidation. These developments have no apparent connection to Lindsay Corporation’s irrigation and infrastructure equipment business. Jury in Lindsay Clancy trial tells judge for a second time that it can’t agree on a verdict
- Neutral Sentiment: With no fresh earnings release, contract announcement, analyst action, or agricultural-equipment industry update included, the rise in LNN is likely being driven by broader market conditions, trading activity, or technical factors rather than the listed headlines. The most recent operating backdrop remains its prior quarterly report: earnings exceeded expectations, while revenue declined year over year.
Lindsay Company 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.
Read More
- Five stocks we like better than Lindsay
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for Lindsay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindsay and related companies with MarketBeat.com's FREE daily email newsletter.
