LNN Stock Summary and Trading Ideas (Lindsay | NYSE:LNN)

Lindsay Corp provides various proprietary water management and road infrastructure products and services. It has operations categorized into two main reporting segments: Irrigation, and Infrastructure. The company generates maximum revenue from the Irrigation segment. Its Irrigation segment includes manufacturing and marketing center pivot, lateral move, and hose reel irrigation systems, as well as various technology solutions such as GPS positioning and guidance, variable rate irrigation, wireless irrigation management, M2M communication technology, and smartphone applications. Geographically, it derives a majority of its revenue from the United States.

Lindsay trades on the NYSE stock market under the symbol LNN.

As of April 19, 2024, LNN stock price climbed to $117.37 with 120,363 million shares trading.

LNN has a beta of 0.22, meaning it tends to be less sensitive to market movements. LNN has a correlation of 0.01 to the broad based SPY ETF.

LNN has a market cap of $1.29 billion. This is considered a Small Cap stock.

Last quarter Lindsay reported $152 million in Revenue and $1.64 earnings per share. This fell short of revenue expectation by $-21 million and exceeded earnings estimates by $.09.

In the last 3 years, LNN stock traded as high as $183.08 and as low as $106.46.

The top ETF exchange traded funds that LNN belongs to (by Net Assets): IJR, CALF, VTI, VB, IWM.

LNN has underperformed the market in the last year with a return of -5.4%, while the SPY ETF gained +21.2%. In the last 3 month period, LNN fell short of the market, returning -9.2%, while SPY returned +4.3%. However, in the most recent 2 weeks LNN has outperformed the stock market by returning +2.5%, while SPY returned -3.5%.

LNN support price is $114.55 and resistance is $118.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LNN stock will trade within this expected range on the day.