The Screen · Industrials · Farm & Heavy Construction Machinery
Lindsay Corporation
LNN · the NYSE · USD · Market cap $1.2B · 1,275 employees
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally.
Screened 2026-07-19 · the tape above runs as of 22:40 UTC · 24 Jul · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
Lindsay Corporation holds its Accumulation at $115.54. Elevated stress, defensive posture warranted, held for 18 days.
As held on the ledger · 2026-07-19
Phase
Accumulation
Quantitative state
Elevated stress, defensive posture warranted, held for 18 days
Price at the screen
$115.54
Valuation
22.18 trailing · 19.16 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.69
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-07-19 screen. The gold marker is the market price at the same screen. A 8.3% margin of safety to the base estimate.
Third-party analyst targets: 2 covering, consensus Buy. The average target sits +17% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-07-19 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Water pipes and road barriers miss the growth
Picture a company selling the pipes that water crops and the barriers that line highways. Lindsay serves real needs in irrigation and infrastructure, yet revenue is shrinking 5 percent while margins sit at just 9 percent and return on equity reaches only 11 percent. At 19.2 times forward earnings the valuation leaves almost no room for error against our fair value of 125 dollars.
We see an 8 percent margin of safety at the current price of 115 dollars, but the opportunity rating stays at none. Two analysts call it a buy with a 136 dollar median target, yet the flat revenue trend and modest returns on capital give us little reason to step in even though the ethical screen clears without issue.
Cyclical farm and construction spending can swing sharply, and unknown competitive protection adds another layer of uncertainty. The modest numbers simply do not create a compelling case on either growth or value grounds.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LNN trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-07-18Accumulation$115.35+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 17%. Our forward projection puts the odds of a 10% gain over the next month near 18%. The street (2 analysts) rates it buy, with a mean price target of $124.
2026-07-03Accumulation$115.35+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$115.35Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
