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; water pumping stations and controls for agriculture, golf, landscape, and municipal markets under the Watertronics brand; filtration solutions for groundwater, agriculture, industrial, and heat transfer markets under the LAKOS brand; 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
SymbolNYSE:LNN
CUSIP53555510
Phone402-829-6800
Debt
Debt-to-Equity Ratio0.42
Current Ratio3.55
Quick Ratio2.71
Price-To-Earnings
Trailing P/E Ratio43.14
Forward P/E Ratio28.20
P/E Growth1.57
Sales & Book Value
Annual Sales$517.98 million
Price / Sales1.94
Cash Flow$3.7325 per share
Price / Cash25.08
Book Value$25.88 per share
Price / Book3.62
Profitability
EPS (Most Recent Fiscal Year)$2.17
Net Income$23.17 million
Net Margins3.89%
Return on Equity12.26%
Return on Assets6.51%
Miscellaneous
Employees1,410
Outstanding Shares10,720,000
Market Cap$1,004.92
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 Wednesday, June 27th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.31 per share on Friday, August 31st. This represents a $1.24 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, August 16th. This is an increase from Lindsay's previous quarterly dividend of $0.30. View Lindsay's Dividend History.
How were Lindsay's earnings last quarter?
Lindsay Co. (NYSE:LNN) posted its quarterly earnings data on Thursday, June, 28th. The industrial products company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.27. The industrial products company earned $169.60 million during the quarter, compared to the consensus estimate of $167.57 million. Lindsay had a return on equity of 12.26% and a net margin of 3.89%. Lindsay's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 EPS. View Lindsay's Earnings History.
When is Lindsay's next earnings date?
What price target have analysts set for LNN?
4 equities research analysts have issued 12-month target prices for Lindsay's shares. Their forecasts range from $80.00 to $94.00. On average, they anticipate Lindsay's share price to reach $87.00 in the next year. This suggests that the stock has a possible downside of 7.1%. View Analyst Ratings for Lindsay.
What is the consensus analysts' recommendation for Lindsay?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lindsay in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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 expected to gain from its focus on growth objectives, expansion of technology products and strong order backlog. Lindsay’s major orders comprise the installation of Road Zipper system on the Richmond-San Rafael Bridge, follow-on orders in Japan and Alex Fraser Bridge project. Its irrigation business will benefit from FieldNET Advisor. In addition, the U.S. tax reform will have a beneficial impact on earnings. Its estimates have remained stable over the past 30 days. The company has mixed record of earnings surprises in recent quarters. Moreover, the stock has outperformed the industry over the past month. However, Lindsay’s results will be hurt by a tough agricultural market in North America. Elevated costs, lower infrastructure spending and tariffs on steel prices remain major headwinds." (6/4/2018)
- 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)
Who are some of Lindsay's key competitors?
Some companies that are related to Lindsay include SUMITOMO HEAVY/ADR (SOHVY), Bemis (BMS), MSA Safety (MSA), Colfax (CFX), Regal Beloit (RBC), SiteOne Landscape Supply (SITE), Proto Labs (PRLB), UniFirst (UNF), Meggitt (MGGT), Timken (TKR), Babcock International Group (BAB), Terex (TEX), RBC Bearings (ROLL), Tetra Tech (TTEK) and EnerSys (ENS).
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. David B. Downing, Non-Exec. Officer (Age 63)
- Mr. Timothy L. Hassinger, Pres, CEO & Director (Age 56)
- Mr. James C. Raabe, Chief Financial Officer (Age 57)
Has Lindsay been receiving favorable news coverage?
News articles about LNN stock have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lindsay earned a media sentiment score of 0.11 on Accern's scale. They also gave media headlines about the industrial products company an impact score of 45.43 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are Lindsay's major shareholders?
Lindsay's stock is owned by many different of retail and institutional investors. Top institutional investors include Prentiss Smith & Co. Inc. (0.42%), Essex Investment Management Co. LLC (0.29%) and Municipal Employees Retirement System of Michigan (0.03%). 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 Prentiss Smith & Co. Inc. and Municipal Employees Retirement System of Michigan. Company insiders that have sold Lindsay company stock in the last year include Bill Welsh, David B Downing, Michael Nahl and Rick Parod. View Insider Buying and Selling for Lindsay.
Which major investors are buying Lindsay stock?
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 $93.61.
How big of a company is Lindsay?
Lindsay has a market capitalization of $1.00 billion and generates $517.98 million in revenue each year. The industrial products company earns $23.17 million in net income (profit) each year or $2.17 on an earnings per share basis. Lindsay employs 1,410 workers across the globe.
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.
