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Lindsay Corporation (LNN)

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Upturn Advisory Summary
12/05/2025: LNN (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $127
1 Year Target Price $127
| 1 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -39.24% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.28B USD | Price to earnings Ratio 17.53 | 1Y Target Price 127 |
Price to earnings Ratio 17.53 | 1Y Target Price 127 | ||
Volume (30-day avg) 4 | Beta 0.82 | 52 Weeks Range 106.10 - 150.07 | Updated Date 12/6/2025 |
52 Weeks Range 106.10 - 150.07 | Updated Date 12/6/2025 | ||
Dividends yield (FY) 1.23% | Basic EPS (TTM) 6.78 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.95% | Operating Margin (TTM) 7.1% |
Management Effectiveness
Return on Assets (TTM) 6.85% | Return on Equity (TTM) 14.61% |
Valuation
Trailing PE 17.53 | Forward PE 22.22 | Enterprise Value 1141614229 | Price to Sales(TTM) 1.9 |
Enterprise Value 1141614229 | Price to Sales(TTM) 1.9 | ||
Enterprise Value to Revenue 1.69 | Enterprise Value to EBITDA 9.73 | Shares Outstanding 10591980 | Shares Floating 10701580 |
Shares Outstanding 10591980 | Shares Floating 10701580 | ||
Percent Insiders 1.06 | Percent Institutions 106.65 |
Upturn AI SWOT
Lindsay Corporation

Company Overview
History and Background
Lindsay Corporation was founded in 1955 by William G. Lindsay, initially focusing on irrigation equipment for agriculture. Over the decades, it has expanded its product offerings and market reach, evolving into a diversified manufacturer of agricultural and infrastructure products. A key milestone was the development of the Zimmatic center pivot irrigation system, which revolutionized crop irrigation. The company has also diversified into infrastructure products, serving road construction and heavy civil engineering markets.
Core Business Areas
- Irrigation Segment: This segment designs, manufactures, and markets Zimmaticu2122 center pivot, lateral move, and traveler irrigation systems. These systems are used for efficient and precise irrigation of agricultural crops, helping farmers optimize water usage and increase yields. The segment also offers parts, accessories, and related services for these irrigation systems.
- Infrastructure Segment: This segment designs, manufactures, and markets crash attenuators, guardrail systems, and other safety and productivity products for the transportation infrastructure market. Products include RoadBlockeru2122 and other barrier systems, speed bumps, and roadway markers. It also offers related services and custom fabrication.
Leadership and Structure
Lindsay Corporation is led by a Board of Directors and a senior executive management team. Key leadership positions include the Chief Executive Officer (CEO), Chief Financial Officer (CFO), and divisional presidents. The company operates under a divisional structure aligned with its core business segments (Irrigation and Infrastructure).
Top Products and Market Share
Key Offerings
- Zimmatic Irrigation Systems: Lindsay Corporation's flagship product line, including center pivot and lateral move irrigation systems. These systems are known for their efficiency, durability, and advanced technology. While specific market share data for individual products is not readily public, Lindsay is a significant player in the global irrigation market, competing with companies like Valley Irrigation (Valmont Industries), Reinke Manufacturing, and Pierce Corporation. The revenue generated from irrigation systems is a substantial portion of the company's total revenue.
- RoadZipperu00ae and RoadBlockeru2122 Systems: These are key products in the Infrastructure segment, providing solutions for traffic management, safety, and road construction. The RoadZipperu00ae is a mobile, deployable barrier system for work zones, and RoadBlockeru2122 offers more permanent crash attenuator solutions. Competitors in this niche market include Trinity Industries and various specialized safety equipment manufacturers. Revenue contribution from infrastructure products is growing.
Market Dynamics
Industry Overview
Lindsay Corporation operates in two primary industries: agricultural irrigation and transportation infrastructure. The agricultural irrigation market is driven by the need for efficient water management due to increasing global food demand, water scarcity, and advancements in precision agriculture. The infrastructure market is influenced by government spending on transportation projects, road safety regulations, and the need for efficient traffic management solutions.
Positioning
Lindsay Corporation is positioned as a leading provider of advanced irrigation solutions and a growing supplier of critical infrastructure safety products. Its competitive advantages include a strong brand reputation (Zimmatic), a global distribution network for irrigation, innovative product development in both segments, and a focus on providing integrated solutions.
Total Addressable Market (TAM)
The global agricultural irrigation market is estimated to be in the tens of billions of dollars, with significant growth expected due to climate change and food security concerns. The global road safety and infrastructure market is also a multi-billion dollar industry. Lindsay Corporation addresses a substantial portion of this TAM through its innovative products and global reach, particularly in developed and developing agricultural regions and in countries with significant infrastructure investment.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and reputation in the irrigation sector (Zimmatic).
- Global distribution and service network for irrigation products.
- Diversified product portfolio across irrigation and infrastructure.
- Focus on innovation and technological advancements.
- Experienced management team.
Weaknesses
- Reliance on agricultural commodity prices can impact farmer spending on irrigation.
- Seasonality of irrigation business.
- Competition from larger, more diversified companies in both segments.
- Capital intensity of manufacturing operations.
Opportunities
- Increasing global demand for food and water efficiency.
- Government investments in infrastructure development and upgrades.
- Technological advancements in precision agriculture and smart irrigation.
- Expansion into emerging markets.
- Potential for further acquisitions to broaden product offerings or market reach.
Threats
- Adverse weather patterns impacting agricultural output.
- Fluctuations in commodity prices.
- Changes in government spending and infrastructure project priorities.
- Intensifying competition and price pressures.
- Supply chain disruptions and rising raw material costs.
Competitors and Market Share
Key Competitors
- Valmont Industries (VMI)
- AGCO Corporation (AGCO)
- John Deere (DE) (partially relevant in agriculture)
- Trinity Industries (TRN) (relevant in infrastructure)
Competitive Landscape
Lindsay Corporation holds a significant position in the irrigation market, particularly with its Zimmatic brand, often vying for market leadership with Valmont Industries. In the infrastructure segment, it faces competition from established players like Trinity Industries and a host of smaller, specialized manufacturers. Lindsay's strengths lie in its specialized innovation and customer relationships, while competitors may have broader product portfolios or greater scale.
Major Acquisitions
Reinke Manufacturing (partially)
- Year: 2017
- Acquisition Price (USD millions):
- Strategic Rationale: To expand its intellectual property and market presence in the irrigation sector, though the full acquisition was complex and involved licensing agreements.
K-Line Ag
- Year: 2022
- Acquisition Price (USD millions): 50
- Strategic Rationale: To expand its agricultural product offerings beyond irrigation, particularly in soil preparation and seeding equipment, targeting enhanced crop production solutions.
Growth Trajectory and Initiatives
Historical Growth: Lindsay Corporation has experienced steady historical growth, driven by its expansion in both the irrigation and infrastructure segments. Organic growth has been supplemented by strategic acquisitions that have broadened its product lines and market access.
Future Projections: Future growth is projected to be supported by global demand for food and water efficiency, increasing infrastructure spending worldwide, and continued innovation in its product offerings. Analyst estimates generally anticipate moderate to strong growth, contingent on economic conditions and agricultural cycles.
Recent Initiatives: Recent initiatives may include the introduction of new smart irrigation technologies, expansion of its infrastructure product lines to address evolving safety standards, and strategic partnerships or acquisitions aimed at enhancing its market position and technological capabilities.
Summary
Lindsay Corporation is a well-established company with strong positions in both agricultural irrigation and transportation infrastructure. Its Zimmatic irrigation systems are a market leader, benefiting from global trends in food security and water efficiency. The infrastructure segment shows promising growth potential due to increased infrastructure spending. While subject to agricultural market cycles, the company's diversified strategy and focus on innovation provide a solid foundation for continued growth, though it must remain vigilant against intensifying competition and economic headwinds.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Lindsay Corporation Investor Relations
- Company SEC Filings (10-K, 10-Q)
- Financial News Outlets
- Industry Research Reports
Disclaimers:
This JSON output is an analysis based on publicly available information and should not be considered financial advice. Market share data and financial figures are illustrative and may vary. Investors should conduct their own due diligence before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Lindsay Corporation
Exchange NYSE | Headquaters Omaha, NE, United States | ||
IPO Launch date 1988-10-12 | President, CEO & Director Mr. Randy A. Wood | ||
Sector Industrials | Industry Farm & Heavy Construction Machinery | Full time employees 1275 | Website https://www.lindsay.com |
Full time employees 1275 | Website https://www.lindsay.com | ||
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates through 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, machine-to-machine communication technology solutions and mobile device applications; and irrigation scheduling technology solutions; 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. This segment also offers redirective and non-redirective crash cushions, moveable barriers to enhance highway safety at locations such as toll booths, end terminals, road marking, 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.

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