Lindsay Corp VP & chief accounting officer sells $49,351 in stock

Lindsay Corp's VP and Chief Accounting Officer, Brett Richard Coburn, divested 450 shares of the company's common stock on November 11, 2026. The shares were sold at $109.67 each, generating a total of $49,351. Following the transaction, Coburn holds 1,641 shares of Lindsay Corp common stock. Despite the stock trading at $108.05, down 7.5% year-to-date, InvestingPro analysis indicates the company remains undervalued at current levels.

Lindsay has raised its dividend for 24 consecutive years, with additional insights highlighted by InvestingPro Tips. Coburn's holdings also include shares acquired through the company's 2021 Employee Stock Purchase Plan and restricted stock units. Additionally, Coburn owns 511 options to purchase common stock, with an exercise price of $105.94 and expiration on October 26, 2036.

These options will vest in three equal annual installments starting November 1, 2027. Lindsay Corporation recently reported fiscal fourth-quarter earnings and revenue that surpassed analyst expectations, posting adjusted earnings of $1.10 per share on revenue of $161.6 million. However, the company's full-year performance faced a softer demand environment and ongoing margin pressures.

Stifel recently adjusted Lindsay Corporation's price target to $119, from $121, while maintaining a Hold rating, citing weak farmer economics and subdued core fundamentals.