Should I buy or sell Lindsay stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LNN shares. View LNN analyst ratings or view top-rated stocks .

What is Lindsay's stock price target for 2024?

4 brokers have issued 12-month price objectives for Lindsay's stock. Their LNN share price targets range from $123.00 to $150.00. On average, they anticipate the company's stock price to reach $138.33 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price. View analysts price targets for LNN or view top-rated stocks among Wall Street analysts .

How have LNN shares performed in 2024?

Lindsay's stock was trading at $129.16 at the start of the year. Since then, LNN stock has decreased by 9.7% and is now trading at $116.65. View the best growth stocks for 2024 here .

When is Lindsay's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024. View our LNN earnings forecast .

How were Lindsay's earnings last quarter?

Lindsay Co. (NYSE:LNN) issued its earnings results on Thursday, April, 4th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.12. The industrial products company had revenue of $151.50 million for the quarter, compared to analysts' expectations of $172.06 million. Lindsay had a trailing twelve-month return on equity of 15.04% and a net margin of 10.74%. The company's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share.

How often does Lindsay pay dividends? What is the dividend yield for Lindsay?

Lindsay declared a quarterly dividend on Friday, April 5th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.35 per share on Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 16th. Read our dividend analysis for LNN .

Is Lindsay a good dividend stock?

Lindsay (NYSE:LNN) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.23%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 23.85% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LNN .

What ETFs hold Lindsay's stock?

ETFs with the largest weight of Lindsay (NYSE:LNN) stock in their portfolio include Subversive Food Security ETF (KCAL) , First Trust Water ETF (FIW) , iShares Environmental Infrastructure and Industrials ETF (EFRA) , Ecofin Global Water ESG Fund (EBLU) , Invesco Water Resources ETF (PHO) , Invesco S&P Global Water Index ETF (CGW) and iShares MSCI Agriculture Producers ETF (VEGI) . First Trust Indxx Global Agriculture ETF (FTAG) .

What is Tim Hassinger's approval rating as Lindsay's CEO?

18 employees have rated Lindsay Chief Executive Officer Tim Hassinger on Glassdoor.com . Tim Hassinger has an approval rating of 48% among the company's employees. This puts Tim Hassinger in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Lindsay own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lindsay investors own include Enterprise Products Partners (EPD) , Boeing (BA) , Altria Group (MO) , Valmont Industries (VMI) , Broadcom (AVGO) , Gilead Sciences (GILD) , International Business Machines (IBM) , Marathon Petroleum (MPC) , Skyworks Solutions (SWKS) and AT&T (T) .

Who are Lindsay's major shareholders?

Lindsay's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.12%), Massmutual Trust Co. FSB ADV (0.02%) and Tompkins Financial Corp (0.00%). Insiders that own company stock include James Scott Marion, Michael Nahl and Si Pablo Di. View institutional ownership trends .

How do I buy shares of Lindsay?

Shares of LNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LNN

Lindsay (LNN) Stock Price, News & Analysis

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Free LNN Stock Alerts

$116.65

+3.84 (+3.40%)

(As of 04/18/2024 ET)

Compare

Today's Range: $113.27
▼
$116.97
50-Day Range: $112.21
▼
$131.89
52-Week Range: $106.46
▼
$137.31

Volume: 125,561 shs
Average Volume: 87,471 shs
Market Capitalization: $1.29 billion

P/E Ratio: 18.60
Dividend Yield: 1.20%
Price Target: $138.33

Get Lindsay alerts:

Lindsay MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 18.6% Upside
$138.33 Price Target
Short Interest: Bearish
3.80% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.78
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.51%
From $5.46 to $5.87 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

Industrial Products Sector

64th out of 163 stocks

Farm Machinery & Equipment Industry

2nd out of 4 stocks

2.4

Analyst's Opinion

Consensus Rating
Lindsay has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Lindsay has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.80% of the outstanding shares of Lindsay have been sold short.
Short Interest Ratio / Days to Cover
Lindsay has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Lindsay has recently increased by 4.43%, indicating that investor sentiment is decreasing.

4.2

Dividend Strength

Dividend Yield
Lindsay pays a meaningful dividend of 1.23%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Lindsay has been increasing its dividend for 21 years.
Dividend Coverage
The dividend payout ratio of Lindsay is 22.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Lindsay will have a dividend payout ratio of 23.85% next year. This indicates that Lindsay will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LNN.

2.1

News and Social Media Coverage

News Sentiment
Lindsay has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.61 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Lindsay this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for LNN on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Lindsay to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Lindsay insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Lindsay is held by insiders.
Percentage Held by Institutions
89.94% of the stock of Lindsay is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Lindsay are expected to grow by 7.51% in the coming year, from $5.46 to $5.87 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Lindsay is 18.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Lindsay is 18.60, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.28.
Price to Book Value per Share Ratio
Lindsay has a P/B Ratio of 2.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Lindsay Stock (NYSE:LNN)

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems. It also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Road Zipper System comprised of T-shaped concrete and steel barriers, barrier transfer machine, and variable length barriers which are used for highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and repairs to tunnels and bridges. Additionally, it offers redirective and non-redirective crash cushions to enhance highway safety at locations such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards; specialty barriers; preformed tape and road safety accessory products, as well as rail products, such as signals and lights, structures, foundations, junction boxes, and signs. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.

LNN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LNN Stock News Headlines

April 17, 2024 | msn.com

Lindsay (NYSE:LNN): A Compelling Play Amid Rising Water Demand

April 17, 2024 | msn.com

Lindsay (LNN) Price Target Increased by 9.84% to 136.68

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April 12, 2024 | americanbankingnews.com

Lindsay (NYSE:LNN) Stock Rating Lowered by StockNews.com

April 8, 2024 | finance.yahoo.com

Lindsay Corporation (NYSE:LNN) Q2 2024 Earnings Call Transcript

April 8, 2024 | finance.yahoo.com

Lindsay (NYSE:LNN) Has Announced A Dividend Of $0.35

April 7, 2024 | finance.yahoo.com

Lindsay Corporation Just Beat EPS By 5.5%: Here's What Analysts Think Will Happen Next

April 6, 2024 | seekingalpha.com

Lindsay Corporation (LNN) Q2 2024 Earnings Call Transcript

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April 5, 2024 | finance.yahoo.com

Lindsay Corp (LNN) Q2 2024 Earnings Call Transcript Highlights: Navigating Market Challenges ...

April 5, 2024 | msn.com

Lindsay declares $0.35 dividend

April 5, 2024 | businesswire.com

Lindsay Corporation Announces Quarterly Cash Dividend

April 5, 2024 | finance.yahoo.com

Q2 2024 Lindsay Corp Earnings Call

April 4, 2024 | seekingalpha.com

Lindsay Corporation 2024 Q2 - Results - Earnings Call Presentation

April 4, 2024 | gurufocus.com

Lindsay Corp (LNN) Earnings: Aligns with EPS Projections Amidst Revenue Decline

April 4, 2024 | msn.com

Lindsay GAAP EPS of $1.64 beats by $0.09, revenue of $151.5M misses by $21.24M

April 4, 2024 | markets.businessinsider.com

Lindsay Corporation Reveals Advance In Q2 Profit, Beats estimates

April 4, 2024 | washingtonpost.com

Lindsay: Fiscal Q2 Earnings Snapshot

April 4, 2024 | businesswire.com

Lindsay Corporation Reports Second Quarter Fiscal 2024 Results

April 3, 2024 | businesswire.com

Lindsay Announces Agreement to Acquire a Minority Interest in Pessl Instruments

April 2, 2024 | seekingalpha.com

Lindsay Corporation: Downgrading Shares On Weak Farm Income

March 25, 2024 | msn.com

Federal Reserve expected to cut rates, lift Biden's prospects

March 21, 2024 | businesswire.com

Lindsay Corporation Announces Second Quarter Fiscal 2024 Earnings Conference Call and Webcast

March 12, 2024 | msn.com

Rassie Erasmus assembles champion Bok coaching team

March 2, 2024 | fool.ca

NYSE:LNN (Lindsay Corporation)

February 23, 2024 | ft.com

What comes next for embattled Commons Speaker Lindsay Hoyle?

February 22, 2024 | ft.com

Parliament finds itself in a dangerous position after the Speaker’s intervention

See More Headlines

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Company Calendar

Ex-Dividend for 2/29 Dividend: 2/14/2024
Dividend Payable: 2/29/2024
Last Earnings: 4/04/2024
Today: 4/19/2024
Ex-Dividend for 5/31 Dividend: 5/16/2024
Dividend Payable: 5/31/2024
Next Earnings (Estimated): 7/04/2024
Fiscal Year End: 8/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Farm machinery & equipment
Sub-Industry: Construction & Farm Machinery & Heavy Trucks
Current Symbol: NYSE:LNN
CUSIP: 53555510
CIK: 836157
Web: www.lindsay.com
Phone: (402) 829-6800
Fax: 402-829-6834
Employees: 1,209
Year Founded: 1955

Price Target and Rating

Average Stock Price Target: $138.33
High Stock Price Target: $150.00
Low Stock Price Target: $123.00
Potential Upside/Downside: +18.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.27
Trailing P/E Ratio: 18.60
Forward P/E Ratio: 21.36
P/E Growth: N/A
Net Income: $72.38 million
Net Margins: 10.74%
Pretax Margin: 14.64%
Return on Equity: 15.04%
Return on Assets: 9.24%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 3.87
Quick Ratio: 2.58

Sales & Book Value

Annual Sales: $674.08 million
Price / Sales: 1.91
Cash Flow: $8.51 per share
Price / Cash Flow: 13.71
Book Value: $43.76 per share
Price / Book: 2.67

Miscellaneous

Outstanding Shares: 11,040,000
Free Float: 10,883,000
Market Cap: $1.29 billion
Optionable: Optionable
Beta: 0.61

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Key Executives

Mr. Randy A. Wood (Age 52)
President, CEO & Director
Comp: $1.84M
Mr. Brian L. Ketcham (Age 63)
Senior VP & CFO
Comp: $824.5k
Mr. James Scott Marion (Age 56)
President of Infrastructure Division
Comp: $659.89k
Mr. Gustavo E. Oberto (Age 51)
President of Irrigation Division
Comp: $706.28k
Mr. Richard A. Harold (Age 51)
Senior Vice President of Global Operations
Dr. Melissa G. Moreno (Age 45)
Senior VP & Chief Information Officer
Mr. Eric R. Arneson (Age 50)
Senior VP, General Counsel & Secretary
Ms. Kelly M. Staup (Age 52)
Senior VP of Human Resources & Chief Diversity Officer
Mr. Brian J. Magnusson (Age 45)
Senior Vice President of Strategy & Business Development
Mr. Ryan Loneman
Assistant General Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LNN Stock Analysis - Frequently Asked Questions

Should I buy or sell Lindsay stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LNN shares.
View LNN analyst ratings or view top-rated stocks.
What is Lindsay's stock price target for 2024?: 4 brokers have issued 12-month price objectives for Lindsay's stock. Their LNN share price targets range from $123.00 to $150.00. On average, they anticipate the company's stock price to reach $138.33 in the next twelve months. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for LNN or view top-rated stocks among Wall Street analysts.
How have LNN shares performed in 2024?: Lindsay's stock was trading at $129.16 at the start of the year. Since then, LNN stock has decreased by 9.7% and is now trading at $116.65.
View the best growth stocks for 2024 here.
When is Lindsay's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 4th 2024.
View our LNN earnings forecast.
How were Lindsay's earnings last quarter?: Lindsay Co. (NYSE:LNN) issued its earnings results on Thursday, April, 4th. The industrial products company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.12. The industrial products company had revenue of $151.50 million for the quarter, compared to analysts' expectations of $172.06 million. Lindsay had a trailing twelve-month return on equity of 15.04% and a net margin of 10.74%. The company's quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 earnings per share.
How often does Lindsay pay dividends? What is the dividend yield for Lindsay?: Lindsay declared a quarterly dividend on Friday, April 5th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.35 per share on Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, May 16th.
Read our dividend analysis for LNN.

Is Lindsay a good dividend stock?: Lindsay (NYSE:LNN) pays an annual dividend of $1.40 per share and currently has a dividend yield of 1.23%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 23.85% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LNN.
What ETFs hold Lindsay's stock?: ETFs with the largest weight of Lindsay (NYSE:LNN) stock in their portfolio include Subversive Food Security ETF (KCAL), First Trust Water ETF (FIW), iShares Environmental Infrastructure and Industrials ETF (EFRA), Ecofin Global Water ESG Fund (EBLU), Invesco Water Resources ETF (PHO), Invesco S&P Global Water Index ETF (CGW) and iShares MSCI Agriculture Producers ETF (VEGI).First Trust Indxx Global Agriculture ETF (FTAG).
What is Tim Hassinger's approval rating as Lindsay's CEO?: 18 employees have rated Lindsay Chief Executive Officer Tim Hassinger on Glassdoor.com. Tim Hassinger has an approval rating of 48% among the company's employees. This puts Tim Hassinger in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Lindsay own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Lindsay investors own include Enterprise Products Partners (EPD), Boeing (BA), Altria Group (MO), Valmont Industries (VMI), Broadcom (AVGO), Gilead Sciences (GILD), International Business Machines (IBM), Marathon Petroleum (MPC), Skyworks Solutions (SWKS) and AT&T (T).
Who are Lindsay's major shareholders?: Lindsay's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.12%), Massmutual Trust Co. FSB ADV (0.02%) and Tompkins Financial Corp (0.00%). Insiders that own company stock include James Scott Marion, Michael Nahl and Si Pablo Di.
View institutional ownership trends.
How do I buy shares of Lindsay?: Shares of LNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LNN) was last updated on 4/19/2024 by MarketBeat.com Staff

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Lindsay (LNN) Stock Price, News & Analysis

Lindsay MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Lindsay Stock (NYSE:LNN)

LNN Stock Price History

LNN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

LNN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™