Revenue declining 16% year-over-year, a confirmed technical downtrend with the 200-day moving average falling at 3.1% per month, a death cross hard block, two earnings misses in the last four quarters including a near-32% miss in the most recent period, and a share price sitting essentially at resistance with just 0.1% upside collectively create an unfavorable risk/reward setup that warrants patience rather than exposure.
Thesis pillars
- Revenue Declining Sixteen Percent↑Improving
- Confirmed Technical Downtrend↓Deteriorating
- Inconsistent Earnings Delivery→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Oct 22, 2026
Lindsay Corporation (LNN) Stock Analysis
Industrials · Farm & Heavy Construction Machinery
Sell if holding. Analyst target reached at $106.38 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2).
Lindsay Corporation manufactures center pivot and lateral move irrigation systems (Zimmatic) and road infrastructure products such as moveable barriers, crash cushions and railroad signals, through Irrigation and Infrastructure segments. Irrigation sells through over 200... Read more
Sell if holding. Analyst target reached at $106.38 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.1/10, high confidence.
Passes 5/9 gates (clean insider activity, news events none recent, earnings proximity 68d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: aggressive.
About Lindsay Corporation
About Lindsay Corporation
Lindsay Corporation held an order backlog of $102.5 million at August 31, 2026, down from $110.7 million a year earlier, mainly because orders for a large irrigation project in the MENA region shipped during fiscal 2026. The company employed 1,083 people and reports two segments, Irrigation and Infrastructure, with irrigation manufacturing in Nebraska and Kansas and production operations in Brazil, France, China, Türkiye and South Africa. International sales accounted for approximately 52 percent of irrigation segment revenues in both fiscal 2026 and 2025.
Irrigation sells Zimmatic center pivot and lateral move systems, hose reel travelers and FieldNET remote monitoring, which is offered on a subscription basis. In the United States it sells through over 200 independent dealers, while overseas it sells direct and through an international dealer network. Four manufacturers control a substantial majority of the U.S. center pivot market. Demand follows agricultural commodity prices, net farm income and weather. Infrastructure sells the Road Zipper moveable barrier, crash cushions, specialty barriers, road marking products and rail products to transportation agencies, roadway contractors and distributors, with distributors accounting for a majority of crash cushion sales. Raw materials include coil steel, plate steel, zinc, tires and gearboxes. Capital expenditures were $40.2 million in fiscal 2026, and the company expects about $40.0 million in fiscal 2027. One irrigation customer, tied to the MENA project, accounted for 12% of consolidated revenues in fiscal 2026 and 13% in fiscal 2025.
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Government funding and certification shape the Infrastructure segment. Much of the U.S. highway market follows federal and state spending, including the Federal Highway Trust Fund Program, so reduced or delayed highway funding may lower demand. Products approved under the older NCHRP Report 350 criteria are generally no longer eligible for federal reimbursement now that FHWA and the states have implemented MASH standards, which requires continued testing and development spending. The company is also defending product liability lawsuits involving its X-Lite end terminal. A federal False Claims Act suit over that product was dismissed in 2023, but the same relator has since filed state-level suits with similar allegations.
See also: Industrials · Farm & Heavy Construction Machinery
From Lindsay Corporation's most recent 10-K filing, extracted October 25, 2026.
Recent developments
updated 2026-10-30Recent Developments — Lindsay Corporation
Latest news
- NEWS Will a MENA Project Help Lindsay (NYSE:LNN) Counter Softer Irrigation Demand in October 22 Fiscal Fourth-Quarter Earning — kalkine.ca neutral
- NEWS Lindsay Earnings: What To Look For From LNN - TradingView — TradingView neutral
- NEWS Lindsay Earnings: What To Look For From LNN - The Chronicle-Journal — The Chronicle-Journal neutral
- NEWS Lindsay (LNN) Q2 Earnings Report Preview: What To Look For - Yahoo Finance — Yahoo Finance neutral
- NEWS Lindsay announced October 22 as results date for Lindsay Corporation stock - AD HOC NEWS — AD HOC NEWS neutral
Generated 2026-10-30T11:22:45Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomersingle irrigation customer MENA project12%10-K Item 1: 'one customer within the Company's irrigation segment accounted for 12% and 13%, respectively, of consolidated revenues'
- MEDIUMGeographicinternational irrigation segment sales52%10-K Item 1: 'International sales accounted for approximately 52 percent of the Company’s total irrigation segment revenues'
- LOWSupplierlimited number of suppliers for certain raw materials, parts and components10-K Item 1A: 'the Company relies on a limited number of suppliers for certain raw materials, parts and components in the manufacturing process'
Material Events(8-K, last 90d)
- 2026-08-28Item 5.02MEDIUMBoard appointed Alicia Pfeifer (VP Business Finance) and Brett Coburn (VP, Chief Accounting Officer) as interim co-CFOs effective September 1, 2026; Coburn also serves as interim principal financial officer. No permanent successor named; reason for CFO change not shown in the provided text.SEC filing →
- 2026-10-22Item 5.02LOWOn October 20, 2026 the compensation committee adopted the fiscal 2027 Management Incentive Plan: target bonuses of 35% to 100% of base salary, payouts of 0% to 200% of target, weighted 80% company financial and 20% individual performance. Routine compensatory arrangement.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $106.38 — A.R:R is negative (-0.3) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $98.93. Score 5.1/10, high confidence.
Analyst target $103.70 reached (−2.5% from $106.38); no take-profit level is published. Prior stop was $98.93. Stop-loss: $98.93.
Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2); Sector modifier (Industrials): -0.7.
Lindsay Corporation trades at a P/E of 20.0 (forward 18.5). TrendMatrix value score: 6.3/10. Verdict: Sell.
9 analysts cover LNN with a consensus score of 3.7/5. Average price target: $122.
What does Lindsay Corporation do?Lindsay Corporation manufactures center pivot and lateral move irrigation systems (Zimmatic) and road infrastructure...
Lindsay Corporation manufactures center pivot and lateral move irrigation systems (Zimmatic) and road infrastructure products such as moveable barriers, crash cushions and railroad signals, through Irrigation and Infrastructure segments. Irrigation sells through over 200 independent U.S. dealers and international channels, with international sales about 52 percent of segment revenue; infrastructure sells to transportation agencies, contractors and distributors. Order backlog was $102.5 million at August 31, 2026.