Lindsay - LNN Stock Forecast, Price & News

3 Wall Street equities 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 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.

3 equities research analysts have issued twelve-month price targets for Lindsay's shares. Their LNN share price forecasts range from $150.00 to $173.00. On average, they predict the company's share price to reach $161.00 in the next year. This suggests a possible upside of 5.8% 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 at the beginning of 2023. Since then, LNN stock has decreased by 6.6% and is now trading at $152.12.
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Lindsay saw a increase in short interest in December. As of December 15th, there was short interest totaling 179,700 shares, an increase of 29.7% from the November 30th total of 138,600 shares. Based on an average daily volume of 69,800 shares, the short-interest ratio is presently 2.6 days. Currently, 1.7% 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 Tuesday, April 4th 2023.
View our LNN earnings forecast.

Lindsay Co. (NYSE:LNN) issued its quarterly 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 had revenue of $176.20 million for the quarter, compared to the consensus estimate of $178.10 million. Lindsay had a net margin of 9.71% and a trailing twelve-month return on equity of 19.74%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share.

Lindsay declared a quarterly dividend on Friday, January 13th. Investors 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 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, February 13th.
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 0.91%. 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 18.26% 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 many different institutional and retail investors. Top institutional shareholders include Stephens Investment Management Group LLC (0.93%), Norman Fields Gottscho Capital Management LLC (0.12%), Assenagon Asset Management S.A. (0.11%), Cardinal Capital Management (0.08%), Yousif Capital Management LLC (0.07%) and Comerica Bank (0.06%). Insiders that own company stock include James Scott Marion, Michael Christodolou, Michael D Walter 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 $152.12.

Lindsay (NYSE:LNN) has a market capitalization of $1.67 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.