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→Stable
- Confirmed Technical Downtrend→Stable
- Inconsistent Earnings Delivery→Stable
- +1 more pillar — see the Why tab for full reasoning
Lindsay Corporation (LNN) Stock Analysis
Momentum Cont setup
Industrials · Farm & Heavy Construction Machinery
Sell if holding. Analyst target reached at $121.49 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (irrigation segment) (52.0%).
Lindsay Corporation manufactures center pivot, lateral move, and hose reel irrigation systems (Zimmatic, FieldNET) and road infrastructure products including moveable barriers (Road Zipper System) and crash cushions, sold in the U.S. and internationally across Brazil, France,... Read more
Sell if holding. Analyst target reached at $121.49 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (irrigation segment) (52.0%). Chart setup: Trend continuation, RSI 68, MACD bullish. Score 5.3/10, moderate confidence.
Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 110d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Lindsay Corporation
About Lindsay Corporation
Lindsay Corporation split its fiscal 2025 business between an irrigation segment (center pivot and lateral move systems under the Zimmatic brand) and an infrastructure segment (Road Zipper moveable barriers and crash cushions), ending the year with a $110.7 million order backlog, down from $180.9 million a year earlier. International sales made up 52% of irrigation segment revenue in fiscal 2025, up from 41% in fiscal 2024, and the company employed 1,275 people as of August 31, 2025, none under U.S. union representation.
Lindsay sells Zimmatic and Perrot irrigation systems in the United States through more than 200 independent dealers who install and service equipment for farmers, while international sales run through both direct channels and dealer networks across markets including South America, Europe, and China. The infrastructure segment sells moveable barriers, crash cushions, and road-marking products to state departments of transportation, municipalities, and roadway contractors, with distributors accounting for a majority of crash-cushion sales given their lower price points. Raw material inputs include coil, angle, and plate steel, zinc, tires, gearboxes, and electrical and hydraulic components, sourced from a limited number of domestic and foreign suppliers. Four manufacturers control a substantial majority of the U.S. center pivot irrigation market, and one customer's large MENA-region irrigation project, tied to a multi-year supply agreement valued at more than $100 million entered in fiscal 2024, accounted for 13% of fiscal 2025 consolidated revenues.
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Lindsay's revenue concentration risk is project-based rather than tied to a single recurring customer: the fiscal 2024 multi-year supply agreement for a MENA-region irrigation project, valued at more than $100 million, alone produced 13% of fiscal 2025 consolidated revenue, with remaining deliveries scheduled into fiscal 2026. The 10-K notes that concentration of the customer base can let key customers negotiate pricing and other terms unfavorable to the company, while political instability in that same region introduces execution risk beyond that of Lindsay's typical dealer-network business. That contrasts with the ordinary infrastructure business, where the customer base changes from year to year and no single project has historically driven multi-year revenue the way the MENA irrigation deliveries have.
See also: Industrials · Farm & Heavy Construction Machinery
From Lindsay Corporation's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-07-06Recent Developments — Lindsay Corporation
Latest news
- NEWS Lindsay (LNN) Q2 Earnings Report Preview: What To Look For - Yahoo Finance — Yahoo Finance neutral
- NEWS Price to earnings forward of Lindsay Corporation – NYSE:LNN - TradingView — TradingView neutral
- NEWS Lindsay Corporation(NYSE: LNN) dropped from Russell 2500 Growth Benchmark - marketscreener.com — marketscreener.com negative
- NEWS Lindsay Corporation(NYSE: LNN) added to Russell 2000 Value Benchmark - marketscreener.com — marketscreener.com positive
- NEWS Lindsay Q3 2026 Earnings Preview — July 2, Street Expects $1.21 EPS - AlphaStreet — AlphaStreet neutral
Generated 2026-07-06T06:00:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomersingle MENA-region irrigation project customer13%10-K Item 1: 'one customer within the Company's irrigation segment accounted for 13% of consolidated revenues relating to a large irrigation project in the MENA region'
- HIGHGeographicinternational sales (irrigation segment)52%10-K Item 1: 'International sales accounted for approximately 52 percent and 41 percent of the Company’s total irrigation segment revenues in fiscal 2025 and 2024, respectively.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Revenue shrinking — -5.1% YoY. Growth thesis broken unless recovery story develops.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $121.49 — A.R:R is negative (-0.6) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Geographic: international sales (irrigation segment) (52.0%). Chart setup: Trend continuation, RSI 68, MACD bullish. Prior stop was $113.96. Score 5.3/10, moderate confidence.
Take-profit target: $128.56 (+5.3% upside). Prior stop was $113.96. Stop-loss: $113.96.
Concentration risk — Geographic: international sales (irrigation segment) (52.0%); Analyst target reached - limited upside remaining; Consecutive earnings misses (2).
Lindsay Corporation trades at a P/E of 23.4 (forward 19.6). TrendMatrix value score: 6.4/10. Verdict: Sell.
8 analysts cover LNN with a consensus score of 3.8/5. Average price target: $136.
What does Lindsay Corporation do?Lindsay Corporation manufactures center pivot, lateral move, and hose reel irrigation systems (Zimmatic, FieldNET) and...
Lindsay Corporation manufactures center pivot, lateral move, and hose reel irrigation systems (Zimmatic, FieldNET) and road infrastructure products including moveable barriers (Road Zipper System) and crash cushions, sold in the U.S. and internationally across Brazil, France, China, Turkiye and South Africa. A single MENA-region irrigation project accounted for 13% of fiscal 2025 consolidated revenue, and infrastructure sales depend heavily on government highway funding programs like the U.S. Federal Highway Trust Fund.