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Lindsay Corporation

LNN · NYSE

Market closed$115.54$-2.72 (-2.30%)After hours $114.30 · -1.07%

Key statistics

Previous close$118.26
Open$116.46
Day high$119.82
Day low$115.54
52-week high$148.00
52-week low$97.27
Market cap1.17B
Volume102.05K
Average volume188.30K
P/E ratio22.18
Forward P/E—
EPS5.21
Dividend yield+1.28%

Market context

Why it moved

Lindsay Corporation's stock declined following the unexpected announcement that CFO Sam Hinrichsen will resign effective August 31, 2026, creating leadership uncertainty as the company begins a search for a replacement executive.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Lindsay Corporation fell after the company disclosed the resignation of CFO Sam Hinrichsen, effective August 31, 2026, in an after-hours SEC filing. The unexpected leadership change added uncertainty atop an already cautious backdrop, with the company having recently reported weaker year-over-year revenue and net income for its fiscal Q3. Shares closed well below the analyst consensus price target of $131.50 and are extending losses in after-hours trading, underperforming the broader industrials sector (XLI), which ended the session modestly lower amid broad risk-off sentiment tied to U.S.-Iran tensions and AI spending concerns.

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July 15, 2026Lindsay Corporation closed essentially flat after recovering from a sharp post-earnings selloff earlier this week, when shares plunged ~6.8% following softer Q3 fiscal 2026 results that showed revenue of $160.76 million and net income of $15.82 million, both down year-over-year. Despite the earnings miss, the company approved a 3% quarterly dividend increase, and analysts maintain a consensus price target of $131.50—suggesting the stock remains meaningfully undervalued relative to current levels. William Blair continues its Hold rating, while the agricultural machinery sector broadly faces headwinds from a prolonged ag cycle downturn, though peer Deere's CFO called fiscal 2026 the cycle bottom.

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July 14, 2026Lindsay Corporation edged higher, recovering modestly after reporting softer fiscal Q3 2026 results last week — revenue of $160.76 million and net income of $15.82 million came in below year-ago levels, reflecting weak farm spending and delayed irrigation projects. Despite the earnings headwind, the company raised its quarterly dividend 3% to $0.38 per share, and William Blair maintained its Hold rating. The broader agricultural machinery sector remains under pressure, with UBS noting ag equipment continues to lag construction peers in recovery, while U.S. tractor sales fell 18.4% in June per AEM data.

0.4612

July 14, 2026Lindsay Corporation edged higher on Monday, outperforming a broadly weaker industrial sector (XLI) as investors digested the company's softer fiscal Q3 results reported earlier in the week. Revenue of $160.76M and net income of $15.82M came in below year-ago levels, reflecting persistent weakness in farm spending and delayed irrigation projects amid a challenging agricultural backdrop — a headwind also flagged across peers like Deere and AGCO. Partially offsetting sentiment, Lindsay's board raised its quarterly dividend 3% to $0.38/share, signaling capital return commitment. UBS noted construction machinery is outpacing agriculture in the current recovery, while broader markets faced pressure from renewed U.S.-Iran tensions pushing oil prices higher ahead of a pivotal earnings season.

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July 8, 2026Lindsay Corporation declined sharply as a broad machinery sector selloff compounded company-specific concerns following its Q3 fiscal 2026 earnings report. The stock dropped alongside peers Deere (-6.6%), AGCO (-4.8%), and Caterpillar (-4.3%) as the S&P 1500 Machinery Index tumbled amid momentum unwinding and a weakening Purdue Ag Barometer—the lowest in 18 months—signaling continued stress in farm sentiment. Lindsay's own Q3 results, reported last week, showed irrigation revenues fell 7% YoY (North America down 11%), with EPS of $1.53 beating estimates but revenues of $160.8M missing by ~5%. Management flagged a cyclical trough in agricultural markets with no near-term recovery expected.

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July 7, 2026Lindsay Corporation fell over 2% in regular trading as the broader machinery sector sold off sharply — Deere dropped 6.6%, AGCO fell 4.8%, and the S&P 1500 Machinery Index tumbled 3.7% amid a momentum unwind — while the Purdue Ag Barometer hit an 18-month low, amplifying pressure on agricultural machinery names. The decline came despite a series of positive company-specific catalysts: Lindsay beat Q3 EPS estimates by ~9% ($1.53 vs. $1.41 expected), raised its quarterly dividend 3% to $0.38/share, and analysts lifted their consensus price target 9.3% to $136, with a bull case of $150. In after-hours trading, shares have partially recovered, gaining roughly 0.9%, as investors weigh the earnings beat and dividend hike against management's cautious tone on a slow North American irrigation recovery tied to weak farm economics and trade uncertainty.

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July 6, 2026Lindsay Corporation fell sharply after its Q3 fiscal 2026 earnings report revealed a 5% revenue decline to $160.8M—missing estimates—as persistent irrigation segment weakness overshadowed an EPS beat of $1.53 vs. the $1.41 consensus. The earnings call flagged a slow irrigation recovery, with management noting demand, not execution, as the core issue, while North American and Brazilian markets remain under pressure. A 3% quarterly dividend increase to $0.38/share and infrastructure segment growth (up 8%) offered some positives, but the year-over-year EPS decline from $1.80 to $1.54 and margin compression to 8.8% from 11.2% weighed on sentiment.

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July 3, 2026Lindsay Corporation edged higher after reporting fiscal Q3 2026 results that beat profit expectations despite softer revenue, with diluted EPS of $1.53 significantly topping the $1.14–$1.22 analyst consensus even as revenue fell 5% year-over-year to $160.8 million. The EPS beat was partly aided by a one-time tariff refund, while the growing order backlog of $136.1 million—driven by a large MENA irrigation project on schedule—and $80.7 million in year-to-date share repurchases offered investors forward-looking optimism against a backdrop of persistent irrigation demand weakness in North America and Brazil.

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Benzinga · July 17, 2026Lindsay CFO Sam Hinrichsen Plans To Resign, Effective Aug. 31
Mt Newswire · July 6, 2026Lindsay Increases Quarterly Dividend by 3% to $0.38 per Share, Payable Aug. 31 to Holders of Record on Aug. 17.
Benzinga · July 6, 2026Lindsay Q3 2026 Earnings Call Transcript
Benzinga · July 2, 2026Earnings Scheduled For July 2, 2026
Mt Newswire · July 2, 2026Lindsay Fiscal Q3 Earnings, Revenue Fall
Mt Newswire · July 2, 2026Earnings Flash (LNN) Lindsay Posts Fiscal Q3 EPS $1.53, vs. FactSet Est of $1.14
Mt Newswire · July 2, 2026Earnings Flash (LNN) Lindsay Corporation Reports Q3 Revenue $160.8M, vs. FactSet Est of $157.8M
Benzinga · April 6, 2026Stifel Maintains Hold on Lindsay, Lowers Price Target to $113

Peers

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