Stifel Nicolaus analyst Nathan Jones maintained a Hold rating on Lindsay (LNN – Research Report) yesterday and set a price target of $128.00. The company’s shares closed yesterday at $122.58.
Jones covers the Industrials sector, focusing on stocks such as Valmont, ITT, and Lincoln Electric Holdings. According to TipRanks, Jones has an average return of 13.8% and a 61.99% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Lindsay with a $128.00 average price target.
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Based on Lindsay’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $164.55 million and a net profit of $16.88 million. In comparison, last year the company earned a revenue of $214.26 million and had a net profit of $25.06 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2023, Marion James Scott, the President – Infrastructure of LNN sold 413.00 shares for a total of $54,606.86.
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Lindsay (LNN) Company Description:
Lindsay Corp. provides proprietary water management and road infrastructure products and services. It operates its business through the Irrigation and Infrastructure segments. The Irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems, as well as various innovative technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. The Infrastructure segment is involved in the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, and road marking and road safety equipment; the manufacture and sale of large diameter steel tubing and railroad signals and structures; and the provision of outsourced manufacturing and production services. The company was founded by Paul Zimmerer in 1955 and is headquartered in Omaha, NE.
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