A Director at Lindsay Corp (NYSE: LNN) is Selling Shares

By Carrie Williams

Today, a Director at Lindsay Corp (NYSE: LNN), Michael Nahl, sold shares of LNN for $622.3K.

Following Michael Nahl’s last LNN Sell transaction on July 20, 2012, the stock climbed by 19.4%. In addition to Michael Nahl, one other LNN executive reported Sell trades in the last month.

Based on Lindsay Corp’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $125 million and quarterly net profit of $3.19 million. In comparison, last year the company earned revenue of $110 million and had a net profit of $873K. The company has a one-year high of $96.22 and a one-year low of $73.34. LNN’s market cap is $931.1M and the company has a P/E ratio of 37.15.

Three different firms, including Monness and Piper Jaffray, currently also have a Sell rating on the stock.

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Lindsay Corp. provides proprietary water management and road infrastructure products and services. It operates its business through the Irrigation and Infrastructure segments.