Lindsay - LNN Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LNN, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1 year target prices for Lindsay's stock. Their LNN share price forecasts range from $150.00 to $173.00. On average, they expect the company's share price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 7.1%.
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Lindsay's stock was trading at $152.00 at the beginning of the year. Since then, LNN shares have increased by 14.0% and is now trading at $173.23.
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Lindsay saw a decline in short interest in October. As of October 31st, there was short interest totaling 161,000 shares, a decline of 11.8% from the October 15th total of 182,600 shares. Based on an average trading volume of 56,900 shares, the short-interest ratio is presently 2.8 days. Approximately 1.5% of the company's stock are short sold.
View Lindsay's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 5th 2023.
View our LNN earnings forecast.

Lindsay Co. (NYSE:LNN) released its quarterly earnings results on Thursday, October, 20th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.19. The industrial products company had revenue of $190.20 million for the quarter, compared to analyst estimates of $179.04 million. Lindsay had a net margin of 8.49% and a trailing twelve-month return on equity of 19.00%. Lindsay's revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS.

Lindsay declared a quarterly dividend on Friday, October 21st. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.34 per share on Wednesday, November 30th. This represents a $1.36 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for LNN.

Lindsay (NYSE:LNN) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.76%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 18.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LNN.

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.

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).

Lindsay trades on the New York Stock Exchange (NYSE) under the ticker symbol "LNN."

Lindsay's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.23%), Vanguard Group Inc. (11.45%), Neuberger Berman Group LLC (7.14%), Royce & Associates LP (4.20%), State Street Corp (3.80%) and Dimensional Fund Advisors LP (2.62%). Insiders that own company stock include James Scott Marion, Michael Christodolou, Michael D Walter, Michael Nahl and Randy A Wood.
View institutional ownership trends.

Shares of LNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of LNN stock can currently be purchased for approximately $173.23.

Lindsay (NYSE:LNN) has a market capitalization of $1.91 billion and generates $770.74 million in revenue each year. The industrial products company earns $65.47 million in net income (profit) each year or $5.94 on an earnings per share basis.

The company employs 1,262 workers across the globe.

Lindsay's mailing address is 18135 Burke Street Suite 100, Omaha NE, 68022. The official website for the company is www.lindsay.com. The industrial products company can be reached via phone at (402) 829-6800 or via fax at 402-829-6834.