Lindsay Corp (LNN): Brian L Ketcham , CFO of Lindsay Corp purchased 910 shares on Apr 22, 2016. The Insider buying transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were purchased at $77.49 per share for a total value of $70,514.08 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jan 12, 2015, Barry Ruffalo (President-Infrastructure) sold 644 shares at $84.48 per share price.
Shares of Lindsay Corporation (LNN) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -2.28 points or -3.09% at $71.48 with 95,046 shares getting traded. Post opening the session at $73.31, the shares hit an intraday low of $71.16 and an intraday high of $73.57 and the price vacillated in this range throughout the day. The company has a market cap of $770 M and the number of outstanding shares has been calculated to be 1,07,72,946 shares. The 52-week high of Lindsay Corporation is $91.93 and the 52-week low is $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.