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Lindsay Corporation (LNN)



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Upturn Advisory Summary
06/30/2025: LNN (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $143
1 Year Target Price $143
1 | Strong Buy |
0 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -34.32% | Avg. Invested days 22 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.57B USD | Price to earnings Ratio 20.73 | 1Y Target Price 143 |
Price to earnings Ratio 20.73 | 1Y Target Price 143 | ||
Volume (30-day avg) 4 | Beta 0.82 | 52 Weeks Range 108.05 - 150.96 | Updated Date 06/30/2025 |
52 Weeks Range 108.05 - 150.96 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 1.04% | Basic EPS (TTM) 6.96 |
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 2025-06-25 | When Before Market | Estimate 1.43 | Actual 1.78 |
Profitability
Profit Margin 11.21% | Operating Margin (TTM) 14.04% |
Management Effectiveness
Return on Assets (TTM) 7.03% | Return on Equity (TTM) 15.06% |
Valuation
Trailing PE 20.73 | Forward PE 22.22 | Enterprise Value 1474620368 | Price to Sales(TTM) 2.31 |
Enterprise Value 1474620368 | Price to Sales(TTM) 2.31 | ||
Enterprise Value to Revenue 2.18 | Enterprise Value to EBITDA 12.34 | Shares Outstanding 10862200 | Shares Floating 10772155 |
Shares Outstanding 10862200 | Shares Floating 10772155 | ||
Percent Insiders 0.86 | Percent Institutions 104.31 |
Analyst Ratings
Rating 2 | Target Price 143 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Lindsay Corporation

Company Overview
History and Background
Lindsay Corporation was founded in 1955. Initially focused on agricultural irrigation, it has grown through innovation and acquisitions to become a global leader in irrigation and infrastructure products and services. Significant milestones include developing innovative irrigation technologies and expanding into infrastructure solutions.
Core Business Areas
- Irrigation: Designs, manufactures, and markets irrigation systems and related products and services, primarily for agricultural use. Includes center pivot, lateral move, and drip irrigation systems.
- Infrastructure: Designs, manufactures, and markets a variety of infrastructure products, including road safety products, movable barriers, and specialized construction products.
Leadership and Structure
Randy Fortin serves as the President and CEO. The organizational structure includes distinct business units for Irrigation and Infrastructure, supported by corporate functions such as finance, marketing, and operations.
Top Products and Market Share
Key Offerings
- Center Pivot Irrigation Systems: Automated irrigation systems used for crop production. Market share is estimated to be around 25% globally. Competitors include Valmont Industries (VMI), Reinke Manufacturing, and Rivulis Irrigation.
- Road Zipper System: Movable barrier system used to manage traffic flow. Competitors include Barrier Systems Inc. and other traffic management solution providers. Market share data varies by region and project. This is usually a long sales cycle but has high return and creates a strong barrier to entry.
Market Dynamics
Industry Overview
The irrigation market is driven by the need for efficient water use in agriculture, influenced by factors like population growth, climate change, and government regulations. The infrastructure market is driven by the need for safer roads and bridges. Road Zipper is a specific niche.
Positioning
Lindsay Corporation holds a leading position in the irrigation market with its technologically advanced solutions. It is also a key player in the road safety and infrastructure solutions market. Competitive advantages include strong brand reputation, innovative products, and global distribution network.
Total Addressable Market (TAM)
The TAM for irrigation systems is estimated at $5 billion globally. Lindsay Corporation captures approximately 25% of this market. The TAM for road safety and infrastructure solutions is estimated at $8 Billion globally, with Lindsay holding a smaller but growing share.
Upturn SWOT Analysis
Strengths
- Strong brand reputation
- Innovative product portfolio
- Global distribution network
- Diversified revenue streams
- Recurring revenue from parts and services
Weaknesses
- Dependence on agricultural commodity prices
- Seasonality of irrigation sales
- Exposure to currency fluctuations
- Higher SG&A expense compared to its peers.
- Small Cap compared to competitors
Opportunities
- Expanding irrigation solutions in developing countries
- Increasing demand for road safety products
- Strategic acquisitions to expand product offerings
- Leveraging technology for precision irrigation
- New infrastructure bill could increase demand
Threats
- Competition from lower-cost manufacturers
- Changes in government regulations
- Drought conditions affecting irrigation demand
- Economic downturn impacting infrastructure spending
- Increasing material and labor costs
Competitors and Market Share
Key Competitors
- VMI
- TTC
- CNH
Competitive Landscape
Lindsay Corporation benefits from its established brand and innovative products. However, it faces competition from larger players with greater financial resources and geographic reach. Lindsay Corporation needs to be innovative to stay ahead. With increased cost of goods sold in 1Q24, Lindsay has to be wary of its competitors.
Major Acquisitions
Elecsys International Corporation
- Year: 2020
- Acquisition Price (USD millions): 62
- Strategic Rationale: Acquired to expand technology offerings and market reach in industrial IoT applications.
Growth Trajectory and Initiatives
Historical Growth: Lindsay Corporation has experienced moderate revenue growth over the past decade, driven by both organic expansion and strategic acquisitions.
Future Projections: Analysts project continued revenue growth in the coming years, driven by increasing demand for irrigation and infrastructure solutions. EPS is expected to grow in line with revenue.
Recent Initiatives: Recent strategic initiatives include investments in new product development, expansion into new geographic markets, and acquisitions to strengthen market position.
Summary
Lindsay Corporation is a strong player in the irrigation and infrastructure markets, leveraging its innovative products and global presence. Its dependence on agricultural commodity prices and seasonality poses challenges. Strategic acquisitions and expansion into new markets are driving growth. The company's financial health is sound, but rising costs and competition require careful management.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Lindsay Corporation Investor Relations
- SEC Filings
- Market Research Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly. Please consult with a qualified financial advisor 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 1280 | Website https://www.lindsay.com |
Full time employees 1280 | 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 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, 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 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.
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