Lindsay - LNN Stock Forecast, Price & News

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company 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 and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; 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 Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used 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. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

Lindsay Trading Up 0.5 %

Shares of LNN Stock traded up $0.75 during trading hours on Thursday, reaching $165.36. The company had a trading volume of 40,437 shares, compared to its average volume of 61,376. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.61. Lindsay has a 1-year low of $116.77 and a 1-year high of $177.83. The company has a 50 day moving average of $135.76 and a 200 day moving average of $136.38. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 34.13 and a beta of 0.53.

Lindsay (NYSE:LNN - Get Rating) last issued its quarterly earnings data on Thursday, June 30th. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $1.57 by $0.71. Lindsay had a return on equity of 17.59% and a net margin of 7.27%. The business had revenue of $214.30 million for the quarter, compared to the consensus estimate of $188.95 million. During the same quarter last year, the business posted $1.61 EPS. The firm's revenue was up 32.4% compared to the same quarter last year. On average, equities research analysts anticipate that Lindsay will post 6.36 EPS for the current year.

Lindsay Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 16th. This is a boost from Lindsay's previous quarterly dividend of $0.33. Lindsay's payout ratio is 27.22%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNN. Stifel Nicolaus decreased their price target on shares of Lindsay from $180.00 to $172.00 in a research note on Wednesday, June 15th. Roth Capital boosted their target price on Lindsay from $135.00 to $160.00 in a research report on Monday, August 1st. Finally, Northcoast Research initiated coverage on Lindsay in a research note on Friday, July 15th. They set a "buy" rating and a $150.00 price target on the stock.