Thrivent Financial for Lutherans Has $1.13 Million Stake in Lindsay Co. (NYSE:LNN)

Thrivent Financial for Lutherans lessened its holdings in shares of Lindsay Co. (NYSE:LNN) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,163 shares of the industrial products company’s stock after selling 407 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Lindsay worth $1,126,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC bought a new position in Lindsay during the 4th quarter worth $1,597,000. Heartland Advisors Inc. grew its holdings in shares of Lindsay by 26.8% during the 1st quarter. Heartland Advisors Inc. now owns 53,003 shares of the industrial products company’s stock worth $6,236,000 after purchasing an additional 11,207 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lindsay by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,279,819 shares of the industrial products company’s stock worth $165,301,000 after purchasing an additional 17,261 shares during the period. Victory Capital Management Inc. lifted its position in Lindsay by 139.4% during the second quarter. Victory Capital Management Inc. now owns 11,768 shares of the industrial products company’s stock worth $1,446,000 after purchasing an additional 6,853 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in Lindsay during the second quarter worth about $2,111,000. 89.94% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lindsay news, insider James Scott Marion sold 700 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $119.00, for a total transaction of $83,300.00. Following the completion of the transaction, the insider now directly owns 6,278 shares in the company, valued at $747,082. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Lindsay Price Performance

LNN stock opened at $123.29 on Friday. The company’s 50-day moving average price is $121.13 and its two-hundred day moving average price is $118.15. The firm has a market cap of $1.34 billion, a P/E ratio of 18.71 and a beta of 0.61. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. Lindsay Co. has a 12 month low of $106.46 and a 12 month high of $137.31.

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.