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NYSE:LNN

Lindsay - LNN Stock Forecast, Price & News

$174.01
-1.12 (-0.64%)
(As of 11/29/2022 04:34 PM ET)
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Compare
Today's Range
$172.87
$176.57
50-Day Range
$142.08
$181.35
52-Week Range
$116.77
$183.08
Volume
55,546 shs
Average Volume
60,584 shs
Market Capitalization
$1.92 billion
P/E Ratio
29.29
Dividend Yield
0.78%
Price Target
$161.00

Lindsay MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
7.7% Downside
$161.00 Price Target
Short Interest
Healthy
1.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
6.64%
From $6.93 to $7.39 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Industrial Products Sector

143rd out of 183 stocks

Farm Machinery & Equipment Industry

4th out of 4 stocks

LNN stock logo

About Lindsay (NYSE:LNN) Stock

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 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 Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and redirective and non-redirective 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. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.

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LNN Stock News Headlines

CNH Industrial (CNHI) Beats on Q3 Earnings, Ups Sales View
Lindsay Corporation to Ring NYSE Closing Bell Oct. 27
Lindsay (LNN) Misses Q4 Earnings Estimates
Lindsay Q4 2022 Earnings Preview - Seeking Alpha
Lindsay (LNN) is a Top-Ranked Growth Stock: Should You Buy?
Can Lindsay (LNN) Keep the Earnings Surprise Streak Alive?
See More Headlines
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LNN Company Calendar

Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Last Earnings
10/20/2022
Ex-Dividend for 11/30 Dividend
11/15/2022
Today
11/29/2022
Dividend Payable
11/30/2022
Next Earnings (Estimated)
1/05/2023
Fiscal Year End
8/31/2023

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
53555510
Employees
1,262
Year Founded
1955

Price Target and Rating

Average Stock Price Forecast
$161.00
High Stock Price Forecast
$173.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
-7.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$65.47 million
Pretax Margin
11.40%

Debt

Sales & Book Value

Annual Sales
$770.74 million
Cash Flow
$8.02 per share
Book Value
$35.83 per share

Miscellaneous

Free Float
10,886,000
Market Cap
$1.92 billion
Optionable
Optionable
Beta
0.61

Social Links


Key Executives

  • Mr. Randy A. Wood (Age 50)
    Pres, CEO & Director
    Comp: $1.11M
  • Mr. Brian L. Ketcham (Age 61)
    Sr. VP & CFO
    Comp: $626.64k
  • Mr. James Scott Marion (Age 54)
    Pres of Infrastructure Division
    Comp: $540.92k
  • Mr. Gustavo E. Oberto (Age 48)
    Pres of Irrigation Division
    Comp: $578.99k
  • Mr. Richard A. Harold (Age 49)
    Sr. VP of Global Operations
  • Ms. Lori L. Zarkowski (Age 47)
    Chief Accounting Officer & Corp. Controller
  • Dr. Melissa G. Moreno (Age 43)
    Sr. VP & Chief Information Officer
  • Mr. Eric R. Arneson (Age 48)
    Sr. VP, Gen. Counsel & Sec.
  • Ms. Kelly M. Staup (Age 50)
    Sr. VP of HR & Chief Diversity Officer
  • Mr. P. David Salen (Age 60)
    Sr. VP of Global Operations













LNN Stock - Frequently Asked Questions

Should I buy or sell Lindsay stock right now?

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.
View LNN analyst ratings
or view top-rated stocks.

What is Lindsay's stock price forecast for 2023?

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%.
View analysts price targets for LNN
or view top-rated stocks among Wall Street analysts.

How have LNN shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Lindsay?

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
.

When is Lindsay's next earnings date?

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

How were Lindsay's earnings last quarter?

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.

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

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
.

Is Lindsay a good dividend stock?

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.

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?
What is Lindsay's stock symbol?

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

Who are Lindsay's major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Lindsay's stock price today?

One share of LNN stock can currently be purchased for approximately $173.23.

How much money does Lindsay make?

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.

How many employees does Lindsay have?

The company employs 1,262 workers across the globe.

How can I contact Lindsay?

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.

This page (NYSE:LNN) was last updated on 11/29/2022 by MarketBeat.com Staff