Farm Machinery & Equipment · SIC 3523

LINDSAY CORP

LNN

Watch

Latest revenue

$157.7M

as of 2026-02-28

Latest net income

$12.0M

as of 2026-02-28

Net margin

7.6%

as of 2026-02-28

6.7
of 10

ActaClear Score

Above avg
#3 of 6 in Farm Machinery & Equipment
-0.4 · 2d
Profitability·25%
8.0
Growth·15%
10.0
Value·20%
6.0
Quality·20%
6.0
Momentum·20%
4.0

Computed from 5 years of SEC fundamentals + latest market data, ranked within Farm Machinery & Equipment (6 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 7, 2026.

0.68
Price / FV

Fair value · DCF

Deeply undervalued
~48% upside at this growth
7.3% / yr
-5%30%
Terminal growthWACC 9.3% · 10y forecast
Current price
$113
DCF fair value
$167
FCF base (last FY)
$74.05M
Net debt
$-135.76M

DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.

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Price · 5Y

-2.3% / yr 22.0 pts / yr vs S&P 500 9.0% total
Compare:

Live market

delayed ≤15 min
$112.67
1.24%
Market cap
$1.17B
Enterprise value
$1.10B
P/E (trailing)
15.8×
Forward P/E
P/B
2.31×
Dividend yield
1.3%
52-wk high
$150.96
52-wk low
$97.78
Beta
Shares out
10.4M

5-year trend

What this company does

AI

ITEM 1 — Business INTRODUCTION Lindsay Corporation, along with its subsidiaries (collectively called the “Company”), is a global leader in providing a variety of proprietary water management and road infrastructure products and services. The Company has been involved in the manufacture and distribution of agricultural irrigation equipment since 1955 and has grown from a regional company to an international firm with worldwide sales, distribution and manufacturing operations. The Company is a Delaware corporation and maintains its corporate offices in Omaha, Nebraska. The Company has operations which are categorized into two reporting segments, Irrigation and Infrastructure. Irrigation…

AI summary unavailable — showing raw filing excerpt

Generated from LNN's filing dated 2025-10-23

Key risks

AI

ITEM 1A — Risk Factors The following are certain of the more significant risks that may affect the Company’s business, financial condition and results of operations. The Company’s irrigation revenues are highly dependent on the agricultural industry and weather conditions. The Company’s irrigation revenues are cyclical and highly dependent upon the need for irrigated agricultural crop production which, in turn, depends upon many factors, including total worldwide crop production, the profitability of agricultural crop production, agricultural commodity prices, net farm income, availability of financing for farmers, governmental policies regarding the agricultural sector, water and energy…

AI summary unavailable — showing raw filing excerpt

Generated from LNN's filing dated 2025-10-23

Profitability

Gross margin

31.2%

1.0%

Operating margin

13.0%

3.2%

Net margin

10.9%

0.3%

Return on equity

13.9%

0.9%

Return on assets

8.8%

1.1%

Leverage

Debt / equity

0.58×

0.5%

Long-term debt / equity

0.22×

9.9%

Debt / assets

36.6%

0.3%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-02-28

$157.7M-15.7%$12.0M-54.7%7.6%

Q4 2025

2025-11-30

$155.8M-6.3%$16.5M-3.7%10.6%

Q3 2025

2025-08-31

$153.6M-0.9%$10.8M-15.1%7.0%

Q2 2025

2025-05-31

$169.5M+21.7%$19.5M-4.3%11.5%

Q1 2025

2025-02-28

$187.1M+23.5%$26.6M+46.6%14.2%

Q4 2024

2024-11-30

$166.3M+3.1%$17.2M+14.3%10.3%

Q3 2024

2024-08-31

$155.0M$12.7M8.2%

Q2 2024

2024-05-31

$139.2M$20.4M14.6%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Farm Machinery & Equipment · SIC 3523

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Insider activity

Insider buying

$0

Insider selling

$1.0M

Net activity

−$1.0M

Distinct insiders

2

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2025-08-13

Robert E Brunner

Director

Sale1,332$142.08$189.3K
2025-08-13

Robert E Brunner

Director

Sale1,856$142.08$263.7K
2025-07-01

Brian L Ketcham

Senior Vice President and CFO

Sale3,999$149.09$596.2K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns LNN

Institutional value

$714.9M

Total shares held

6.0M

Distinct holders

138

-87 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1BlackRock, Inc.1.7M$207.1M-34.5K (-1.9%)Trimmed
2VANGUARD PORTFOLIO MANAGEMENT LLC655.6K$78.1MNew
3VANGUARD CAPITAL MANAGEMENT LLC475.3K$56.6MNew
4Prairie Wealth Advisors, Inc.0$45.7M+0No change
5DIMENSIONAL FUND ADVISORS LP352.3K$42.0M+6.7K (+2.0%)Added
6ROYCE & ASSOCIATES LP223.6K$26.6M-37.9K (-14.5%)Trimmed
7JENNISON ASSOCIATES LLC183.7K$21.9M-112.3K (-37.9%)Trimmed
8Invesco Ltd.180.2K$21.5M-46.6K (-20.5%)Trimmed
9Legal & General Group Plc176.8K$21.1M+16.6K (+10.4%)Added
10NUANCE INVESTMENTS, LLC161.7K$19.3M-16.8K (-9.4%)Trimmed
11Lightrock Netherlands B.V.119.1K$14.2M-13.3K (-10.0%)Trimmed
12UBS Group AG117.1K$13.9M-9.6K (-7.6%)Trimmed
13Bank of New York Mellon Corp91.2K$10.9M-3.7K (-3.9%)Trimmed
14Stephens Investment Management Group LLC90.3K$10.7M-1.3K (-1.4%)Trimmed
15JOHN G ULLMAN & ASSOCIATES INC88.4K$10.5M+6.1K (+7.4%)Added
16HighTower Advisors, LLC77.2K$9.2M+4.8K (+6.6%)Added
17JANE STREET GROUP, LLC74.6K$8.9MNew
18VANGUARD FIDUCIARY TRUST CO73.3K$8.7MNew
19PRINCIPAL FINANCIAL GROUP INC67.2K$8.0M-56 (-0.1%)Trimmed
20Impax Asset Management Group plc62.8K$7.5M+0 (+0.0%)No change

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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