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NYSE:LNN

Lindsay (LNN) Stock Price, News & Analysis

$124.10
-0.54 (-0.43%)
(As of 10/1/2024 ET)

About Lindsay Stock (NYSE:LNN)

Key Stats

Today's Range
$122.70
$124.31
50-Day Range
$113.90
$126.25
52-Week Range
$106.46
$137.31
Volume
45,753 shs
Average Volume
92,220 shs
Market Capitalization
$1.35 billion
P/E Ratio
18.83
Dividend Yield
1.16%
Price Target
$138.33
Consensus Rating
Moderate Buy

Company Overview

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It 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 brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems. It also offers repair and replacement parts for its irrigation systems and controls, and diameter steel tubing; 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 Road Zipper System comprised of T-shaped concrete and steel barriers, barrier transfer machine, and variable length barriers which are used for highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and repairs to tunnels and bridges. Additionally, it offers redirective and non-redirective crash cushions 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; specialty barriers; preformed tape and road safety accessory products, as well as rail products, such as signals and lights, structures, foundations, junction boxes, and signs. Lindsay Corporation was founded in 1955 and is headquartered in Omaha, Nebraska.

Lindsay Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
82nd Percentile Overall Score

LNN MarketRank™: 

Lindsay scored higher than 82% of companies evaluated by MarketBeat, and ranked 56th out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Lindsay has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Lindsay has received no research coverage in the past 90 days.

  • Read more about Lindsay's stock forecast and price target.
  • Earnings Growth

    Earnings for Lindsay are expected to grow by 1.29% in the coming year, from $5.44 to $5.51 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Lindsay is 18.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.51.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Lindsay is 18.83, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.63.

  • Price to Book Value per Share Ratio

    Lindsay has a P/B Ratio of 3.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Lindsay's valuation and earnings.
  • Percentage of Shares Shorted

    3.38% of the float of Lindsay has been sold short.
  • Short Interest Ratio / Days to Cover

    Lindsay has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Lindsay has recently decreased by 6.59%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Lindsay pays a meaningful dividend of 1.17%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Lindsay has been increasing its dividend for 22 years.

  • Dividend Coverage

    The dividend payout ratio of Lindsay is 21.85%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Lindsay will have a dividend payout ratio of 26.13% next year. This indicates that Lindsay will be able to sustain or increase its dividend.

  • Read more about Lindsay's dividend.
  • Percentage of Shares Shorted

    3.38% of the float of Lindsay has been sold short.
  • Short Interest Ratio / Days to Cover

    Lindsay has a short interest ratio ("days to cover") of 4.1.
  • Change versus previous month

    Short interest in Lindsay has recently decreased by 6.59%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Lindsay has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Lindsay this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Lindsay insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $83,300.00 in company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Lindsay is held by insiders.

  • Percentage Held by Institutions

    89.94% of the stock of Lindsay is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Lindsay's insider trading history.
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LNN Stock News Headlines

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LNN Stock Analysis - Frequently Asked Questions

Lindsay's stock was trading at $129.16 at the beginning of the year. Since then, LNN shares have decreased by 3.9% and is now trading at $124.10.
View the best growth stocks for 2024 here
.

Lindsay Co. (NYSE:LNN) issued its earnings results on Thursday, June, 27th. The industrial products company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.68. Lindsay's revenue for the quarter was down 15.4% compared to the same quarter last year.

Shares of LNN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Lindsay investors own include Enterprise Products Partners (EPD), Boeing (BA), Altria Group (MO), Valmont Industries (VMI), Broadcom (AVGO), Gilead Sciences (GILD) and International Business Machines (IBM).

Company Calendar

Last Earnings
6/27/2024
Ex-Dividend for 8/30 Dividend
8/16/2024
Dividend Payable
8/30/2024
Today
10/02/2024
Next Earnings (Estimated)
10/17/2024
Fiscal Year End
8/31/2025

Industry, Sector and Symbol

Industry
Farm machinery & equipment
Sub-Industry
Construction & Farm Machinery & Heavy Trucks
CUSIP
53555510
Employees
1,209
Year Founded
1955

Price Target and Rating

Average Stock Price Target
$138.33
High Stock Price Target
$150.00
Low Stock Price Target
$123.00
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$72.38 million
Pretax Margin
14.34%

Debt

Sales & Book Value

Annual Sales
$619.21 million
Cash Flow
$8.35 per share
Book Value
$41.39 per share

Miscellaneous

Free Float
10,734,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
0.61

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This page (NYSE:LNN) was last updated on 10/2/2024 by MarketBeat.com Staff
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