Rating Alert: Is It Finally Time To Buy? Piper Jaffray Upgrades Lindsay Corp (LNN)

November 28, 2016 - By Vivian Park

Rating Alert:  Is It Finally Time To Buy? Piper Jaffray Upgrades Lindsay Corp (LNN)

Lindsay Corp (LNN) Upgrade

Piper Jaffray has increased Lindsay Corp (LNN) stock to “Neutral” in an analyst note revealed to investors and clients on 28 November. LNN’s old rating was “Underweight”.

About 77,479 shares traded hands. Lindsay Corporation (LNN) has risen 6.23% since April 25, 2016 and is uptrending. It has outperformed by 0.21% the S&P500.

Analysts await Lindsay Corporation (NYSE:LNN) to report earnings on December, 28. They expect $0.63 EPS, up 1.61% or $0.01 from last year’s $0.62 per share. LNN’s profit will be $6.77 million for 33.33 P/E if the $0.63 EPS becomes a reality. After $0.73 actual EPS reported by Lindsay Corporation for the previous quarter, Wall Street now forecasts -13.70% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.23, from 0.74 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.

Pnc Finance Svcs Grp owns 2,801 shares or 0% of their US portfolio. American Research And Mgmt accumulated 80 shares or 0% of the stock. Nelson Van Denburg And Campbell Wealth Mgmt Group Ltd Com holds 0% or 90 shares in its portfolio. Citigroup has 6,888 shares for 0% of their US portfolio. Timber Creek Cap Ltd accumulated 25,175 shares or 1.43% of the stock. Great Lakes Advisors Limited Liability holds 67,173 shares or 0.12% of its portfolio. Sei accumulated 1,580 shares or 0% of the stock. Blackrock Investment Mgmt Ltd Limited Liability Company, a New Jersey-based fund reported 45,899 shares. State Teachers Retirement Systems reported 34,891 shares or 0.01% of all its holdings. Paloma Mngmt, a Connecticut-based fund reported 7,496 shares. Credit Suisse Ag holds 0% of its portfolio in Lindsay Corporation (NYSE:LNN) for 18,813 shares. Nj State Employees Deferred Compensation Plan owns 3,000 shares or 0.04% of their US portfolio. Dimensional Fund Advsrs Lp holds 293,344 shares or 0.01% of its portfolio. Weik Investment Service Inc last reported 0.12% of its portfolio in the stock. Schwab Charles Inv Management holds 0% of its portfolio in Lindsay Corporation (NYSE:LNN) for 54,326 shares.

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 $902.56 million. The Firm operates through two divisions: Irrigation Segment and Infrastructure Segment. It has a 44.88 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.

According to Zacks Investment Research, “Lindsay Corporation manufactures and markets irrigation equipment including Zimmatic, Greenfield, Stettyn and Perrot center pivot, lateral move and hose reel irrigation systems and GrowSmart controls, all of which are used by farmers to increase or stabilize crop production while conserving water, energy, and labor. The Company also manufactures and markets infrastructure products including movable barriers for lane management to reduce traffic congestion and improve safety through its wholly owned subsidiary, Barrier Systems Inc. In addition, the Company produces crash cushions and specialty barriers to improve motorist and highway worker safety, large diameter steel tubing, and provides outsourced manufacturing and production services for other companies.”

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.

More important 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 published article titled: “Lindsay Corporation Reports Fiscal 2015 Fourth Quarter and Full Year Results”, Seekingalpha.com published: “Lindsay Corporation’s (LNN) CEO Richard Parod on Q4 2016 Results – Earnings …” on October 13, 2016. More interesting news about Lindsay Corporation (NYSE:LNN) was released by: Businesswire.com and their article: “Lindsay Corporation Reports Fiscal 2016 Third Quarter Results” with publication date: June 30, 2016.

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