Lindsay Corporation (NYSE:LNN) is expected to pay $0.29 on Nov 30, 2016. The indicated annual dividend is $1.16. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Lindsay Corporation’s current price of $78.52, the dividend is 0.37%. This dividend’s record date is Nov 16, 2016 and the announcement date is Sep 23, 2016. The stock decreased 0.14% or $0.11 on November 11, hitting $78.52. About 201,213 shares traded hands or 52.42% up from the average. Lindsay Corporation (NYSE:LNN) has risen 16.36% since April 12, 2016 and is uptrending. It has outperformed by 11.38% the S&P500.
Lindsay Corporation, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The company has a market cap of $833.51 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 41.96 P/E ratio. 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.
Insitutional Activity: The institutional sentiment increased to 0.74 in 2016 Q2. Its up 0.11, from 0.63 in 2016Q1. The ratio increased, as 16 funds sold all Lindsay Corporation shares owned while 53 reduced positions. 13 funds bought stakes while 38 increased positions. They now own 11.32 million shares or 5.04% less from 11.92 million shares in 2016Q1.
Fred Alger Mgmt holds 0% or 4,765 shares in its portfolio. The Texas-based King Luther Capital Mgmt has invested 0.04% in Lindsay Corporation (NYSE:LNN). Renaissance Technology Ltd owns 273,300 shares or 0.04% of their US portfolio. Savings Bank Of America Corporation De has invested 0% of its portfolio in Lindsay Corporation (NYSE:LNN). Ladenburg Thalmann Financial Services Inc holds 2,125 shares or 0% of its portfolio. Blackrock Fund Advsrs accumulated 699,606 shares or 0.01% of the stock. Cubist Systematic Strategies Lc last reported 0.01% of its portfolio in the stock. Tower Cap Ltd Liability Com (Trc) reported 1,060 shares or 0.01% of all its holdings. Blackrock Invest Mgmt Ltd Liability Corporation accumulated 45,899 shares or 0% of the stock. Morgan Stanley accumulated 0% or 17,715 shares. Profund Advsrs Limited Liability Co has 0.01% invested in the company for 3,152 shares. Sector Pension Investment Board has invested 0.01% of its portfolio in Lindsay Corporation (NYSE:LNN). Moreover, American Intll Gp Incorporated has 0% invested in Lindsay Corporation (NYSE:LNN) for 7,920 shares. Bluestein R H & last reported 4,000 shares in the company. Kbc Group Nv reported 41,802 shares or 0.04% of all its holdings.
Lindsay Corporation (NYSE:LNN) Ratings Coverage
Out of 5 analysts covering Lindsay (NYSE:LNN), 1 rate it a “Buy”, 3 “Sell”, while 1 “Hold”. This means 20% are positive. $93 is the highest target while $62 is the lowest. The $70.80 average target is -9.83% below today’s ($78.52) stock price. Lindsay has been the topic of 7 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Seaport Global initiated it with “Neutral” rating and $67 target price in Tuesday, May 24 report. The rating was maintained by Piper Jaffray with “Underweight” on Thursday, December 24. As per Monday, August 31, the company rating was downgraded by Zacks. The stock of Lindsay Corporation (NYSE:LNN) has “Sell” rating given on Friday, October 14 by Stifel Nicolaus. As per Thursday, June 2, the company rating was downgraded by Stifel Nicolaus. The firm earned “Sell” rating on Monday, September 14 by Monness Crespi & Hardt.
More notable recent Lindsay Corporation (NYSE:LNN) news were published by: Nasdaq.com which released: “Lindsay Corporation (LNN) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016, also Businesswire.com with their article: “Lindsay Corporation Reports Fiscal 2016 Third Quarter Results” published on June 30, 2016, Businesswire.com published: “Lindsay Corporation Announces Fiscal 2016 Fourth Quarter and Year-End Earnings …” on September 23, 2016. More interesting news about Lindsay Corporation (NYSE:LNN) were released by: Seekingalpha.com and their article: “Lindsay Corporation – Estimating Mid-Cycle Earnings For A Cyclical Business” published on May 09, 2016 as well as Omaha.com‘s news article titled: “Stronger U.S. dollar plagues center-pivot maker Lindsay Corp.; 1st-quarter …” with publication date: December 23, 2015.
LNN Company Profile
Lindsay Corporation, incorporated on January 7, 1974, along with its subsidiaries, provides a range of water management and road infrastructure services and products. The Firm operates through two divisions: 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. The Infrastructure Segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, large diameter steel tubing, and railroad signals and structures.
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