Shares of Lindsay Co. (NYSE:LNN) hit a new 52-week low during trading on Wednesday . The stock traded as low as $77.76 and last traded at $77.27, with a volume of 124957 shares trading hands. The stock had previously closed at $85.64.

A number of research firms recently commented on LNN. ValuEngine raised shares of Lindsay from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Boenning Scattergood reiterated a “buy” rating and set a $132.00 price target on shares of Lindsay in a research report on Thursday, February 28th. Finally, Zacks Investment Research upgraded shares of Lindsay from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $102.60.

The company has a current ratio of 3.85, a quick ratio of 2.63 and a debt-to-equity ratio of 0.43. The stock has a market cap of $911.12 million, a PE ratio of 26.24 and a beta of 0.26.

Lindsay (NYSE:LNN) last announced its quarterly earnings results on Tuesday, April 9th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.60). The company had revenue of $109.20 million for the quarter, compared to analysts’ expectations of $115.43 million. Lindsay had a net margin of 2.55% and a return on equity of 9.72%. Lindsay’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, analysts expect that Lindsay Co. will post 1.84 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, May 16th. Lindsay’s dividend payout ratio (DPR) is presently 42.18%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Lindsay by 0.8% in the fourth quarter. BlackRock Inc. now owns 1,603,802 shares of the industrial products company’s stock worth $154,368,000 after purchasing an additional 13,399 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Lindsay by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 1,148,589 shares of the industrial products company’s stock worth $115,133,000 after acquiring an additional 23,123 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Lindsay by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,148,589 shares of the industrial products company’s stock worth $115,133,000 after acquiring an additional 23,123 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in Lindsay by 3.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 725,525 shares of the industrial products company’s stock valued at $72,727,000 after buying an additional 27,100 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Lindsay by 28.3% during the 1st quarter. Voya Investment Management LLC now owns 262,865 shares of the industrial products company’s stock valued at $25,443,000 after buying an additional 57,987 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.

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About Lindsay (NYSE:LNN)

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

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