Yousif Capital Management LLC Has $488,000 Position in Lindsay Co. (NYSE:LNN)

Yousif Capital Management LLC lowered its position in Lindsay Co. (NYSE:LNN) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,128 shares of the industrial products company’s stock after selling 130 shares during the quarter. Yousif Capital Management LLC’s holdings in Lindsay were worth $488,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of Lindsay by 45.9% during the 3rd quarter. US Bancorp DE now owns 267 shares of the industrial products company’s stock worth $33,000 after buying an additional 84 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Lindsay by 90.3% during the 4th quarter. GAMMA Investing LLC now owns 276 shares of the industrial products company’s stock worth $33,000 after buying an additional 131 shares during the last quarter. CWM LLC lifted its stake in shares of Lindsay by 16.8% during the 3rd quarter. CWM LLC now owns 638 shares of the industrial products company’s stock worth $80,000 after buying an additional 92 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of Lindsay by 6.8% during the 3rd quarter. Quadrature Capital Ltd now owns 3,140 shares of the industrial products company’s stock worth $392,000 after buying an additional 200 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Lindsay by 109.4% during the 3rd quarter. Intech Investment Management LLC now owns 4,105 shares of the industrial products company’s stock worth $512,000 after buying an additional 2,145 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Price Performance

Shares of Lindsay stock opened at $132.75 on Monday. Lindsay Co. has a twelve month low of $109.27 and a twelve month high of $140.26. The company has a quick ratio of 2.65, a current ratio of 3.87 and a debt-to-equity ratio of 0.24. The company has a 50-day simple moving average of $128.07 and a two-hundred day simple moving average of $124.46. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 21.31 and a beta of 0.67.

Lindsay (NYSE:LNN) last issued its quarterly earnings data on Tuesday, January 7th. The industrial products company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.18. Lindsay had a net margin of 11.18% and a return on equity of 13.17%. The business had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $169.78 million. During the same quarter in the previous year, the company earned $1.36 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Analysts forecast that Lindsay Co. will post 5.82 EPS for the current year.

Lindsay Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Friday, February 14th. Lindsay’s dividend payout ratio is currently 23.11%.

Analysts Set New Price Targets

LNN has been the subject of a number of research reports. Stifel Nicolaus raised their target price on shares of Lindsay from $126.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Lindsay from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th.

Lindsay Profile

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.