Lindsay - LNN Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued twelve-month price targets for Lindsay's stock. Their LNN share price forecasts range from $150.00 to $173.00. On average, they anticipate the company's share price to reach $161.00 in the next twelve months. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for LNN or view top-rated stocks among Wall Street analysts.

Lindsay's stock was trading at $162.85 on January 1st, 2023. Since then, LNN shares have decreased by 9.6% and is now trading at $147.18.
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Lindsay saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 232,500 shares, an increase of 19.7% from the February 13th total of 194,300 shares. Based on an average daily volume of 90,900 shares, the days-to-cover ratio is presently 2.6 days.
View Lindsay's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our LNN earnings forecast.

Lindsay will be holding an earnings conference call on Tuesday, April 4th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Lindsay Co. (NYSE:LNN) released its earnings results on Thursday, January, 5th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.25 by $0.40. The industrial products company earned $176.20 million during the quarter, compared to analysts' expectations of $178.10 million. Lindsay had a net margin of 9.71% and a trailing twelve-month return on equity of 19.74%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 earnings per share.

Lindsay announced a quarterly dividend on Friday, January 13th. Stockholders of record on Tuesday, February 14th will be given a dividend of $0.34 per share on Tuesday, February 28th. This represents a $1.36 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, February 13th.
Read our dividend analysis for LNN.

ETFs with the largest weight of Lindsay (NYSE:LNN) stock in their portfolio include VanEck Future of Food ETF (YUMY), First Trust Water ETF (FIW), Invesco S&P Global Water Index ETF (CGW), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Industrials ETF (PSCI), Ecofin Global Water ESG Fund (EBLU), iShares Environmental Infrastructure and Industrials ETF (EFRA) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

Lindsay (NYSE:LNN) pays an annual dividend of $1.36 per share and currently has a dividend yield of 0.93%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LNN will have a dividend payout ratio of 18.23% 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 number of institutional and retail investors. Top institutional shareholders include Neuberger Berman Group LLC (7.45%), Dimensional Fund Advisors LP (2.62%), Amundi (2.08%), Geode Capital Management LLC (1.78%), Global Alpha Capital Management Ltd. (1.30%) and Norges Bank (1.18%). Insiders that own company stock include James Scott Marion, Michael Christodolou and Michael Nahl.
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 $147.18.

Lindsay (NYSE:LNN) has a market capitalization of $1.62 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 $6.87 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.