Lindsay Corp. (NYSE:LNN) shares rose 5% during trading on Friday . The company traded as high as $72.64 and last traded at $70.54, with a volume of 302,055 shares traded. The stock had previously closed at $67.20.

LNN has been the topic of a number of recent research reports. Stifel Nicolaus cut shares of Lindsay Corp. from a “hold” rating to a “sell” rating and set a $64.00 target price on the stock. in a research report on Thursday, June 2nd. TheStreet cut shares of Lindsay Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 4th. Piper Jaffray Cos. reissued an “underweight” rating and set a $64.00 target price (up from $63.00) on shares of Lindsay Corp. in a research report on Tuesday, March 29th. Sterne Agee CRT reissued a “neutral” rating and set a $69.00 target price on shares of Lindsay Corp. in a research report on Thursday, April 14th. Finally, Seaport Global Securities initiated coverage on shares of Lindsay Corp. in a research report on Tuesday, May 24th. They set a “neutral” rating and a $67.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $70.38.

The company has a market cap of $749.20 million and a PE ratio of 84.71. The stock’s 50 day moving average is $70.10 and its 200-day moving average is $71.39.

Lindsay Corp. (NYSE:LNN) last posted its quarterly earnings results on Thursday, June 30th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by $0.09. The firm had revenue of $141.30 million for the quarter. During the same period last year, the business earned $1.10 earnings per share. The firm’s revenue was down 12.1% compared to the same quarter last year. Equities analysts predict that Lindsay Corp. will post $1.67 EPS for the current fiscal year.

In other news, CFO Brian L. Ketcham acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $69.39 per share, for a total transaction of $34,695.00. Following the completion of the acquisition, the chief financial officer now owns 1,463 shares of the company’s stock, valued at approximately $101,517.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in Lindsay Corp. by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 21,866 shares of the company’s stock worth $1,583,000 after buying an additional 300 shares in the last quarter. Morgan Stanley increased its position in Lindsay Corp. by 11.7% in the fourth quarter. Morgan Stanley now owns 22,023 shares of the company’s stock worth $1,594,000 after buying an additional 2,308 shares in the last quarter. Rhumbline Advisers increased its position in Lindsay Corp. by 4.7% in the fourth quarter. Rhumbline Advisers now owns 23,338 shares of the company’s stock worth $1,690,000 after buying an additional 1,040 shares in the last quarter. Bank of Montreal Can increased its position in Lindsay Corp. by 3,067.3% in the fourth quarter. Bank of Montreal Can now owns 25,180 shares of the company’s stock worth $1,822,000 after buying an additional 24,385 shares in the last quarter. Finally, American Capital Management Inc. increased its position in Lindsay Corp. by 0.3% in the fourth quarter. American Capital Management Inc. now owns 30,090 shares of the company’s stock worth $2,179,000 after buying an additional 90 shares in the last quarter.

Lindsay Corporation provides a range of water management and road infrastructure products and services. The Company operates through two segments: Irrigation Segment and Infrastructure Segment. Its Irrigation Segment includes the manufacture and marketing of center pivot, lateral move and hose reel irrigation systems, which are used principally in the agricultural industry.

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