Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company's 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. This segment also offers repair and replacement parts for irrigation systems and controls; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand. Its 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. This segment 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Farm machinery & equipment
Sub-IndustryConstruction & Farm Machinery & Heavy Trucks
SectorIndustrial Products
Current SymbolNYSE:LNN
Previous Symbol
CUSIP53555510
Phone402-829-6800
Debt
Debt-to-Equity Ratio0.42
Current Ratio4.13
Quick Ratio3.14
Price-To-Earnings
Trailing P/E Ratio33.85
Forward P/E Ratio31.59
P/E Growth1.76
Sales & Book Value
Annual Sales$547.71 million
Price / Sales1.95
Cash Flow$4.4885 per share
Price / Cash22.17
Book Value$25.82 per share
Price / Book3.85
Profitability
EPS (Most Recent Fiscal Year)$2.94
Net Income$20.27 million
Net Margins3.70%
Return on Equity11.53%
Return on Assets6.18%
Miscellaneous
Employees1,412
Outstanding Shares10,720,000
Market Cap$1.07 billion
OptionableOptionable
Lindsay (NYSE:LNN) Frequently Asked Questions
What is Lindsay's stock symbol?
Lindsay trades on the New York Stock Exchange (NYSE) under the ticker symbol "LNN."
How often does Lindsay pay dividends? What is the dividend yield for Lindsay?
Lindsay announced a quarterly dividend on Friday, October 19th. Investors of record on Friday, November 16th will be paid a dividend of $0.31 per share on Friday, November 30th. This represents a $1.24 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 15th. View Lindsay's Dividend History.
How were Lindsay's earnings last quarter?
Lindsay Co. (NYSE:LNN) announced its quarterly earnings data on Thursday, October, 18th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by $0.38. The industrial products company had revenue of $123.30 million for the quarter, compared to analyst estimates of $136.22 million. Lindsay had a net margin of 3.70% and a return on equity of 11.53%. Lindsay's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. View Lindsay's Earnings History.
When is Lindsay's next earnings date?
What price target have analysts set for LNN?
5 Wall Street analysts have issued twelve-month target prices for Lindsay's stock. Their forecasts range from $70.00 to $111.00. On average, they anticipate Lindsay's share price to reach $91.00 in the next year. This suggests that the stock has a possible downside of 8.6%. View Analyst Price Targets for Lindsay.
What is the consensus analysts' recommendation for Lindsay?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Lindsay.
What are Wall Street analysts saying about Lindsay stock?
Here are some recent quotes from research analysts about Lindsay stock:
- 1. According to Zacks Investment Research, "Lindsay is poised to gain from focus on growth objectives, business simplification and capital-allocation plan. It expects to achieve operating margin performance between 11% and 12% in fiscal 2020. Lindsay recently completed the sale of its Watertronics and LAKOS businesses in line with the Foundation for Growth initiative. The divestment will simplify its business and help focus on core commercial irrigation and infrastructure sector. Its irrigation business will benefit from FieldNET Advisor. In addition, the U.S. tax reform will drive earnings. However, Lindsay’s results will be hurt by a tough agricultural market in North America. Also, elevated costs, lower infrastructure spending and tariffs on steel prices remain major headwinds. Moreover, the stock has underperformed the industry over the past year." (10/4/2018)
- 2. Boenning Scattergood analysts commented, "We upgrade LNN shares to Outperform from Neutral, with our $132 target price representing a multiple of 24 times (in-line with the water infrastructure peer group average) normalized EPS." (3/29/2018)
Has Lindsay been receiving favorable news coverage?
Media headlines about LNN stock have trended somewhat positive on Sunday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Lindsay earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days.
Who are some of Lindsay's key competitors?
Some companies that are related to Lindsay include MSA Safety (MSA), RBC Bearings (ROLL), Kawasaki Heavy Industries (KWHIY), Cimpress (CMPR), G4S/ADR (GFSZY), SUMITOMO HEAVY/ADR (SOHVY), Graphic Packaging (GPK), EnerSys (ENS), Tetra Tech (TTEK), Proto Labs (PRLB), Regal Beloit (RBC), Kennametal (KMT), Colfax (CFX), Timken (TKR) and Barnes Group (B).
Who are Lindsay's key executives?
Lindsay's management team includes the folowing people:
- Mr. Brian L. Ketcham, VP & CFO (Age 57)
- Mr. Randy A. Wood, Pres of Agricultural Irrigation Division (Age 46)
- Mr. Timothy L. Hassinger, Pres, CEO & Director (Age 56)
- Mr. Gregory G. Oswald, VP of Global Operations (Age 54)
- Ms. Lori L. Zarkowski, Chief Accounting Officer (Age 43)
Who are Lindsay's major shareholders?
Lindsay's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.84%), Royce & Associates LP (9.25%), Neuberger Berman Group LLC (6.77%), Renaissance Technologies LLC (4.47%), Bank of New York Mellon Corp (3.40%) and Dimensional Fund Advisors LP (3.18%). Company insiders that own Lindsay stock include Bill Welsh, David B Downing, Michael Nahl and Rick Parod. View Institutional Ownership Trends for Lindsay.
Which major investors are selling Lindsay stock?
LNN stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Hussman Strategic Advisors Inc., Credit Suisse AG, Paloma Partners Management Co, TIAA CREF Investment Management LLC, Bank of New York Mellon Corp and Comerica Bank. Company insiders that have sold Lindsay company stock in the last year include Bill Welsh, David B Downing and Michael Nahl. View Insider Buying and Selling for Lindsay.
Which major investors are buying Lindsay stock?
LNN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nuance Investments LLC, Ceredex Value Advisors LLC, Cornerstone Wealth Management LLC, Royce & Associates LP, Rice Hall James & Associates LLC, Neuberger Berman Group LLC and Franklin Resources Inc.. View Insider Buying and Selling for Lindsay.
How do I buy shares of Lindsay?
Shares of LNN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Lindsay's stock price today?
One share of LNN stock can currently be purchased for approximately $99.51.
How big of a company is Lindsay?
Lindsay has a market capitalization of $1.07 billion and generates $547.71 million in revenue each year. The industrial products company earns $20.27 million in net income (profit) each year or $2.94 on an earnings per share basis. Lindsay employs 1,412 workers across the globe.
What is Lindsay's official website?
How can I contact Lindsay?
Lindsay's mailing address is 2222 N. 111th Street, Omaha NE, 68164. The industrial products company can be reached via phone at 402-829-6800.
MarketBeat Community Rating for Lindsay (NYSE LNN)
MarketBeat's community ratings are surveys of what our community members think about Lindsay and other stocks. Vote "Outperform" if you believe LNN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LNN will underperform the S&P 500 over the long term. You may vote once every thirty days.
