Lindsay Corporation Buyback
OLI recorded this information on 7/23/2015
Company:
Lindsay Corporation
Buyback:
LNN buyback
$Amount Authorized:
$100,000,000
Buyback Details:
Lindsay also announced that its Board of Directors has approved a $100 million increase in its outstanding share repurchase authorization. While this authorization supports the company's plan to opportunistically invest in share repurchases, there is no guarantee that the authorization will be executed, in full or in part.
Lindsay is engaged in providing a variety of proprietary water management and road infrastructure products and services. Co. has operations which are categorized into two primary reporting segments, Irrigation and Infrastructure. Co.'s irrigation segment includes the manufacture and marketing of center pivot, lateral move, hose reel irrigation systems, and repair and replacement parts for its irrigation systems and controls and diameter steel tubing. Co.'s infrastructure segment includes the manufacture and marketing of moveable barriers, specialty barriers, crash cushions and end terminals, road marking and road safety equipment, and railroad signals and structures.
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Buy (2.67 out of 4) 11st percentile
(ranked lower than approx. 89% of all stocks covered)
Analysts' Target Price: LNN Stock Forecast Based on Zacks ABR data; powered by Xignite |