Lindsay Corp (LNN): Brian L Ketcham , CFO of Lindsay Corp purchased 500 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $69.39 per share for a total value of $34,692.60 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Brian L Ketcham (CFO) purchased 910 shares at $77.49 per share price.On Jan 12, 2015, Barry Ruffalo (President-Infrastructure) sold 644 shares at $84.48 per share price.
Lindsay Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in Lindsay Corporation which led to swings in the share price. The shares opened for trading at $69.89 and hit $71.43 on the upside , eventually ending the session at $71.12, with a gain of 2.33% or 1.62 points. The heightened volatility saw the trading volume jump to 85,710 shares. The 52-week high of the share price is $91.93 and the company has a market cap of $766 M . The 52-week low of the share price is at $62.9942.
Company has been under the radar of several Street Analysts.Lindsay Corporation is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 68 from a previous price target of $69 . The Rating was issued on Apr 1, 2016.
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. The Irrigation Segment also manufactures and markets repair and replacement parts for its irrigation systems and controls. In addition the Irrigation Segment designs and manufactures water pumping stations and controls for the agriculture golf landscape and municipal markets and filtration solutions for groundwater agriculture industrial and heat transfer markets. Its 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.