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NYSE:LNN

Lindsay - LNN Stock Forecast, Price & News

$163.56
-1.80 (-1.09%)
(As of 08/12/2022 10:51 AM ET)
Add
Compare
Today's Range
$163.16
$163.96
50-Day Range
$118.47
$165.36
52-Week Range
$116.77
$177.83
Volume
106 shs
Average Volume
58,413 shs
Market Capitalization
$1.80 billion
P/E Ratio
33.72
Dividend Yield
0.80%
Price Target
$160.67

Lindsay MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.8% Downside
$160.67 Price Target
Short Interest
Healthy
1.85% 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
21.07%
From $6.36 to $7.70 Per Share

Overall MarketRank

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

2.02 out of 5 stars

Industrial Products Sector

122nd out of 184 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 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.

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LNN Company Calendar

Ex-Dividend for 5/31 Dividend
5/16/2022
Dividend Payable
5/31/2022
Last Earnings
6/30/2022
Today
8/12/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Fiscal Year End
8/31/2022
Next Earnings (Estimated)
10/20/2022

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
53555510
Employees
1,235
Year Founded
1955

Price Target and Rating

Average Stock Price Forecast
$160.67
High Stock Price Forecast
$172.00
Low Stock Price Forecast
$150.00
Forecasted Upside/Downside
-1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$42.57 million
Pretax Margin
9.81%

Debt

Sales & Book Value

Annual Sales
$567.65 million
Cash Flow
$5.88 per share
Book Value
$31.03 per share

Miscellaneous

Free Float
10,879,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
0.53

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
    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 research analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" LNN shares.
View LNN analyst ratings
or view top-rated stocks.

What is Lindsay's stock price forecast for 2022?

3 analysts have issued 12-month target prices for Lindsay's shares. Their LNN share price forecasts range from $150.00 to $172.00. On average, they expect the company's share price to reach $160.67 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
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 start of the year. Since then, LNN shares have increased by 8.8% and is now trading at $165.36.
View the best growth stocks for 2022 here
.

When is Lindsay's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our LNN earnings forecast
.

How were Lindsay's earnings last quarter?

Lindsay Co. (NYSE:LNN) issued its quarterly earnings results on Thursday, June, 30th. The industrial products company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.71. The industrial products company had revenue of $214.30 million for the quarter, compared to the consensus estimate of $188.95 million. Lindsay had a net margin of 7.27% and a trailing twelve-month return on equity of 17.59%. The business's revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.61 EPS.

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

Lindsay announced a quarterly dividend on Friday, July 1st. Stockholders of record on Wednesday, August 17th will be paid a dividend of $0.34 per share on Wednesday, August 31st. This represents a $1.36 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 16th. This is an increase from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for LNN
.

Is Lindsay a good dividend stock?

Lindsay (NYSE:LNN) pays an annual dividend of $1.32 per share and currently has a dividend yield of 0.80%. 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 27.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 17.14% 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 many different institutional and retail investors. Top institutional investors include Royce & Associates LP (4.49%), KBC Group NV (2.21%), Nuance Investments LLC (1.29%), Global Alpha Capital Management Ltd. (1.09%), Stephens Investment Management Group LLC (0.97%) and Principal Financial Group Inc. (0.63%). 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 $165.36.

How much money does Lindsay make?

Lindsay (NYSE:LNN) has a market capitalization of $1.82 billion and generates $567.65 million in revenue each year. The industrial products company earns $42.57 million in net income (profit) each year or $4.85 on an earnings per share basis.

How many employees does Lindsay have?

The company employs 1,235 workers across the globe.

When was Lindsay founded?

Lindsay was founded in 1955.

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 8/12/2022 by MarketBeat.com Staff

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