Lindsay (NYSE:LNN – Get Free Report) had its price objective lowered by equities researchers at Stifel Nicolaus from $121.00 to $119.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus‘s target price would suggest a potential upside of 5.70% from the stock’s previous close.
LNN has been the subject of a number of other research reports. Weiss Ratings cut Lindsay from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 16th. Zacks Research upgraded Lindsay from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 30th. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $119.00.
Lindsay Stock Up 5.6%
LNN stock opened at $112.58 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.04 and a debt-to-equity ratio of 0.23. Lindsay has a 1 year low of $97.27 and a 1 year high of $148.00. The company has a fifty day simple moving average of $114.96 and a 200 day simple moving average of $113.72. The firm has a market cap of $1.14 billion, a PE ratio of 21.61 and a beta of 0.69.
Lindsay (NYSE:LNN – Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $161.57 million during the quarter, compared to analysts’ expectations of $147.56 million. Lindsay had a net margin of 8.79% and a return on equity of 10.73%. Lindsay’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. Sell-side analysts anticipate that Lindsay will post 5.21 EPS for the current fiscal year.
Institutional Trading of Lindsay
Several large investors have recently modified their holdings of LNN. Parallel Advisors LLC grew its stake in Lindsay by 1,295.8% in the 1st quarter. Parallel Advisors LLC now owns 335 shares of the industrial products company’s stock valued at $40,000 after buying an additional 311 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Lindsay by 86.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 512 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 237 shares during the period. GAMMA Investing LLC raised its holdings in Lindsay by 126.3% in the 3rd quarter. GAMMA Investing LLC now owns 697 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 389 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Lindsay during the 2nd quarter worth $109,000. Finally, Nykredit A S acquired a new position in Lindsay during the 2nd quarter worth $123,000. 89.94% of the stock is owned by institutional investors.
Lindsay News Roundup
Here are the key news stories impacting Lindsay this week:
- Positive Sentiment: Fourth-quarter earnings and revenue exceeded expectations. Lindsay reported fiscal Q4 adjusted earnings of $1.10 per share, above the $0.98 consensus estimate, while revenue rose 5.2% year over year to $161.6 million versus expectations of $147.6 million. Lindsay Corporation Reports Fourth Quarter and Fiscal Year 2026 Results
- Positive Sentiment: Key business segments showed improved momentum. North America irrigation revenue increased 11%, infrastructure revenue rose 13%, and operating income increased 39%, supporting the view that cost control and demand in core markets are improving profitability. Lindsay Q4 operating income rises 39%
- Positive Sentiment: Lindsay agreed to acquire Setorial Irrigação in Brazil. The purchase adds a Brazilian manufacturer of hose-reel irrigation systems, expanding Lindsay’s distribution and product reach in a growing mechanized-irrigation market. Management expects approximately $8 million in net annualized cost reductions, adding a potential earnings benefit. Lindsay Announces Agreement to Acquire Setorial Irrigação
- Neutral Sentiment: Investors are weighing near-term earnings softness against longer-term growth initiatives. International irrigation revenue was roughly flat year over year, and management’s earnings-call commentary emphasized continued execution and market conditions rather than a broad-based recovery. Lindsay Corp. Balances Earnings Weakness With Growth Plans
- Neutral Sentiment: The board also adopted a fiscal 2027 executive incentive compensation plan, a routine governance action with limited immediate financial impact. Lindsay Adopts 2027 Executive Incentive Compensation Plan
Lindsay Company Profile
Lindsay Corporation is a U.S.-based manufacturer of irrigation and infrastructure products. The company’s irrigation business provides center-pivot and lateral-move irrigation systems, water-management technologies, and related equipment used by agricultural producers to improve the application and conservation of water.
Lindsay’s irrigation portfolio includes Zimmatic irrigation systems and digital tools such as FieldNET, which helps growers monitor and manage irrigation operations remotely.
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