Lindsay (LNN)
Market Price (2/23/2026): $136.45 | Market Cap: $1.5 BilSector: Industrials | Industry: Agricultural & Farm Machinery
Lindsay (LNN)
Market Price (2/23/2026): $136.45Market Cap: $1.5 BilSector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1% | Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -75% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% | Key risksLNN key risks include [1] its heavy dependence on the cyclical and weather-driven agricultural sector for approximately 85% of its revenue and [2] intense competition from a larger, Show more. | |
| Low stock price volatilityVol 12M is 27% | ||
| Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 17% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Water Infrastructure, Sustainable Resource Management, and Sustainable Infrastructure. Themes include Water Treatment & Delivery, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -27%, 3Y Excs Rtn is -75% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Key risksLNN key risks include [1] its heavy dependence on the cyclical and weather-driven agricultural sector for approximately 85% of its revenue and [2] intense competition from a larger, Show more. |
Qualitative Assessment
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1. Strong Full-Year Fiscal 2025 Performance and Shareholder Returns. Lindsay reported record full-year fiscal 2025 revenue and earnings, with an 11% increase in total revenues to $676.4 million and a 12% rise in net earnings to $74.1 million, resulting in a 13% increase in diluted earnings per share to $6.78. The company also generated robust free cash flow, amounting to 122% of net earnings. This strong financial performance for the full year, coupled with the announcement of a new $150 million share repurchase program, signaled a commitment to returning value to shareholders and provided a solid financial foundation.
2. Significant International Project Win. Lindsay announced an $80 million supply agreement for irrigation systems and FieldNET technology in the Middle East and North Africa (MENA) region. Approximately $70 million of this revenue is anticipated to be recognized in fiscal year 2026, providing a clear growth driver and positive outlook for the international irrigation segment, helping to offset some challenges in North American markets.
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Stock Movement Drivers
Fundamental Drivers
The 23.2% change in LNN stock from 10/31/2025 to 2/22/2026 was primarily driven by a 22.1% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 110.57 | 136.18 | 23.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 676 | 666 | -1.5% |
| Net Income Margin (%) | 10.9% | 11.0% | 0.7% |
| P/E Multiple | 16.2 | 19.8 | 22.1% |
| Shares Outstanding (Mil) | 11 | 11 | 1.7% |
| Cumulative Contribution | 23.2% |
Market Drivers
10/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| LNN | 23.2% | |
| Market (SPY) | 1.1% | 20.1% |
| Sector (XLI) | 14.3% | 38.4% |
Fundamental Drivers
The 0.6% change in LNN stock from 7/31/2025 to 2/22/2026 was primarily driven by a 2.3% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.33 | 136.18 | 0.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 678 | 666 | -1.8% |
| Net Income Margin (%) | 11.2% | 11.0% | -1.6% |
| P/E Multiple | 19.3 | 19.8 | 2.3% |
| Shares Outstanding (Mil) | 11 | 11 | 1.8% |
| Cumulative Contribution | 0.6% |
Market Drivers
7/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| LNN | 0.6% | |
| Market (SPY) | 9.4% | 27.3% |
| Sector (XLI) | 17.1% | 46.0% |
Fundamental Drivers
The 2.9% change in LNN stock from 1/31/2025 to 2/22/2026 was primarily driven by a 8.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 132.32 | 136.18 | 2.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 612 | 666 | 8.8% |
| Net Income Margin (%) | 11.2% | 11.0% | -1.4% |
| P/E Multiple | 21.0 | 19.8 | -5.7% |
| Shares Outstanding (Mil) | 11 | 11 | 1.7% |
| Cumulative Contribution | 2.9% |
Market Drivers
1/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| LNN | 2.9% | |
| Market (SPY) | 15.6% | 53.8% |
| Sector (XLI) | 29.4% | 61.5% |
Fundamental Drivers
The -9.8% change in LNN stock from 1/31/2023 to 2/22/2026 was primarily driven by a -14.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 151.05 | 136.18 | -9.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 781 | 666 | -14.7% |
| Net Income Margin (%) | 9.7% | 11.0% | 13.6% |
| P/E Multiple | 21.9 | 19.8 | -9.6% |
| Shares Outstanding (Mil) | 11 | 11 | 3.0% |
| Cumulative Contribution | -9.8% |
Market Drivers
1/31/2023 to 2/22/2026| Return | Correlation | |
|---|---|---|
| LNN | -9.8% | |
| Market (SPY) | 75.9% | 38.9% |
| Sector (XLI) | 81.6% | 50.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LNN Return | 19% | 8% | -20% | -7% | 1% | 16% | 12% |
| Peers Return | 20% | 0% | 26% | 10% | 16% | 20% | 134% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| LNN Win Rate | 58% | 58% | 42% | 42% | 67% | 100% | |
| Peers Win Rate | 58% | 43% | 57% | 45% | 55% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| LNN Max Drawdown | -1% | -22% | -34% | -15% | -9% | 0% | |
| Peers Max Drawdown | -6% | -28% | -15% | -14% | -18% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VMI, ALG, ASTE, ACA, FSS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)
How Low Can It Go
| Event | LNN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -41.0% | -25.4% |
| % Gain to Breakeven | 69.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.8% | -33.9% |
| % Gain to Breakeven | 51.2% | 51.3% |
| Time to Breakeven | 220 days | 148 days |
| 2018 Correction | ||
| % Loss | -28.6% | -19.8% |
| % Gain to Breakeven | 40.1% | 24.7% |
| Time to Breakeven | 243 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -82.9% | -56.8% |
| % Gain to Breakeven | 483.9% | 131.3% |
| Time to Breakeven | 4,327 days | 1,480 days |
Compare to VMI, ALG, ASTE, ACA, FSS
In The Past
Lindsay's stock fell -41.0% during the 2022 Inflation Shock from a high on 11/23/2022. A -41.0% loss requires a 69.6% gain to breakeven.
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About Lindsay (LNN)
AI Analysis | Feedback
John Deere for irrigation systems
AI Analysis | Feedback
The major products of Lindsay Corporation (LNN) are:
- Irrigation Systems: Systems and technology for efficient agricultural irrigation, primarily center pivot and lateral move systems.
- Road Zipper System: A movable concrete barrier system that safely reconfigures traffic lanes to ease congestion.
- Roadway Safety Products: Products designed to improve safety on roadways, including crash cushions and guardrail end terminals.
AI Analysis | Feedback
Lindsay Corporation (LNN) primarily sells its products and solutions to other companies and organizations, rather than directly to individuals. The company operates through two main business segments, each with distinct customer types:
-
Irrigation Segment: Lindsay manufactures and markets agricultural irrigation systems, primarily center pivots and lateral move systems. Its direct customers in this segment are a global network of independent dealers and distributors. These dealers, in turn, sell the irrigation equipment to farmers and agricultural enterprises worldwide. Therefore, Lindsay's direct "customer companies" are these independent dealers and distributors.
-
Infrastructure Segment: This segment provides solutions for road safety (such as crash cushions, road barriers, and specialty markings) and water management. The customers for these products typically include governmental entities (federal, state, and local agencies), municipalities, road construction contractors, and other businesses involved in infrastructure development and maintenance.
However, it is important to note that based on Lindsay Corporation's public financial filings (e.g., its annual Form 10-K), the company explicitly states that no single customer accounted for 10% or more of its consolidated net sales in recent fiscal years. This indicates a highly diversified customer base spread across its extensive global dealer network for irrigation and numerous project-based sales for infrastructure products.
Therefore, while Lindsay sells primarily to other companies, it does not have any specific "major customer companies" that represent a significant concentrated portion of its revenue that can be individually identified or listed with their symbols.
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Randy A. Wood, President and Chief Executive Officer
Randy A. Wood has served as President and Chief Executive Officer of Lindsay Corporation since January 2021 and has been a director since the same time. He joined Lindsay in March 2008 and has held various leadership roles within the company, including Chief Operating Officer from September 2020 to December 2020, President of the Irrigation segment from May 2016 to August 2020, and President of International Irrigation from October 2013 to May 2016. Prior to joining Lindsay, Mr. Wood spent 11 years with Case Corporation / CNH Global, where he held positions such as Senior Director of Marketing for Case IH Tractors and Senior Director of Sales and Marketing for Parts and Service. He holds an MBA and completed a Global Executive Leadership Program at Yale.
Brian L. Ketcham, Senior Vice President and Chief Financial Officer
Brian L. Ketcham has been the Senior Vice President and Chief Financial Officer of Lindsay Corporation since April 2016. He intends to retire from this position effective December 31, 2025, and will continue as a consultant through December 31, 2026, to ensure a smooth transition. Before joining Lindsay, Mr. Ketcham held various finance roles at Valmont Industries, Inc. since 2001, including Vice President and Group Controller of the Engineered Support Structures segment. His earlier experience includes positions with Consolidated Container Company LLC and as a Senior Manager for KPMG.
Sam Hinrichsen, Senior Vice President and Chief Financial Officer (Effective January 1, 2026)
Sam Hinrichsen will join Lindsay Corporation as Senior Vice President on November 3, 2025, and will succeed Brian Ketcham as Chief Financial Officer effective January 1, 2026. Since 2022, Mr. Hinrichsen held various finance roles at Stepan Company, including Interim Chief Financial Officer and most recently Global VP of Finance & Investor Relations. His prior experience includes finance positions at CMC Materials, Dover Corporation, Rockwell Automation, TTI Floorcare North America, and ALCOA, Inc.
Melissa G. Moreno, Senior Vice President and Chief Information Officer
Melissa G. Moreno has served as Senior Vice President and Chief Information Officer of Lindsay Corporation since March 2021. Before joining Lindsay, Ms. Moreno was the Chief Information Officer of Cybersecurity and Infrastructure at Gallup. She also held various IT roles at ConAgra Foods and Arthur Andersen.
Kelly M. Staup, Senior Vice President and Chief People Officer
Kelly M. Staup has been the Senior Vice President and Chief People Officer of Lindsay Corporation since 2018. She previously served as the Director of Human Resources for the company from November 2016 to January 2018 and as the Organization Development and Recruiting Manager from June 2011 to November 2016.
AI Analysis | Feedback
The key risks to Lindsay Corporation's (LNN) business include the cyclical and weather-dependent nature of the agricultural sector, intense competition, and challenges related to supply chain disruptions, raw material inflation, and tariffs.
- Dependence on the Agricultural Sector: Lindsay Corporation's core irrigation segment generates the majority of its revenue, approximately 85% of total FY 2024 revenue and 84% for fiscal year 2025. This heavy reliance makes the company highly susceptible to the cyclical and weather-dependent nature of the agricultural sector. Factors such as North American farm income, commodity prices, unpredictable rainfall, and fluctuating temperatures directly impact demand for irrigation equipment. Rising interest rates can also increase farmer borrowing costs, potentially slowing capital equipment purchases. For example, North American irrigation revenues in Q4 FY2025 declined due to lower storm damage replacement demand and pressure from soft commodity prices and credit constraints.
- Intense Competition: Lindsay Corporation operates within a dynamic and competitive landscape, primarily in precision irrigation and infrastructure solutions. Its most significant competitor is Valmont Industries, which has a similarly sized irrigation segment and is a considerably larger, well-capitalized rival. Valmont's substantial scale provides an advantage in terms of investment in research and development and the ability to absorb margin pressures more easily.
- Supply Chain Disruptions, Raw Material Inflation, and Tariffs: The company faces ongoing risks from persistent supply chain disruptions and raw material inflation, which have impacted its gross margins. Tariff uncertainties are also a key risk, with potential effects on cost structures and agricultural exports. Lindsay has previously navigated global supply chain disruptions post-2020.
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Lindsay (LNN) faces emerging threats from:
- Disruptive Ag-Tech and Precision Agriculture Solutions: The rapid proliferation of ag-tech startups and advanced precision agriculture platforms focused on optimizing water usage through data analytics, artificial intelligence, and IoT sensors. While Lindsay offers its own FieldNET platform, a broader shift towards "irrigation-as-a-service" models or third-party software-defined irrigation solutions could commoditize traditional irrigation hardware, impacting demand and profitability for Lindsay's core irrigation equipment segment. These solutions aim to achieve greater efficiency with potentially less reliance on new, large capital expenditures for physical infrastructure.
- Autonomous Vehicles and Smart Infrastructure: The global movement towards autonomous vehicles (AVs) and smart infrastructure technologies designed to drastically reduce road accidents through vehicle-to-everything (V2X) communication and advanced safety systems. As these technologies mature and become more widespread, the fundamental need for Lindsay's traditional roadway safety infrastructure products, such as crash barriers and impact attenuators, could diminish over time, posing a long-term threat to this segment of their business.
AI Analysis | Feedback
Lindsay Corporation (LNN) operates in two main segments: Irrigation and Infrastructure. The addressable markets for their primary products and services are as follows:
Irrigation Systems (Center Pivot and Lateral Move Irrigation Systems)
- Global Market: The global market for center pivot irrigation systems was valued at an estimated USD 1.62 billion in 2023 and is projected to reach USD 3.27 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 11.6% from 2024 to 2030. The market size was expected to be USD 1.69 billion in 2024.
- North America Market: In North America, the center pivot irrigation systems market generated a revenue of USD 632.1 million in 2023. It is anticipated to reach USD 1,273.2 million by 2030, with a CAGR of 10.5% from 2024 to 2030. North America accounted for approximately 42.5% of the global market share in 2024, valued at around USD 0.6 billion.
Road Infrastructure Products and Services
This segment includes products such as movable barrier systems, crash cushions, end terminals, and other road safety and infrastructure equipment.
- Global Road Safety Market: The global road safety market was valued at USD 3.1 billion in 2024 and is projected to reach USD 13.9 billion by 2034, growing at a CAGR of 16.2% from 2025 to 2034.
- U.S. Road Safety Market: The U.S. road safety market holds a significant share within the North American region, which itself dominated the global market in 2024.
- Global Road & Highway Infrastructure Market: The broader global road and highway infrastructure market was valued at USD 1.20 trillion in 2024 and is expected to grow to USD 2.24 trillion by 2030, with a CAGR of 10.85%.
- U.S. Transportation Infrastructure Market: The U.S. transportation infrastructure market was valued at USD 380.4 billion in 2024 and is projected to reach USD 550.5 billion by 2032, expanding at a CAGR of 4.9% from 2025 to 2032. The U.S. transportation infrastructure construction market size is estimated at USD 233.03 billion in 2025.
AI Analysis | Feedback
Lindsay Corporation (LNN) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
- Expansion in International Irrigation Markets: Lindsay Corporation anticipates continued robust growth in its international irrigation business, particularly in developing regions such as South America, the Middle East, North Africa (MENA), and Australia. This growth is fueled by strong project sales and increasing demand for water-efficient irrigation systems in these areas.
- Increased Demand for Infrastructure Solutions: The company foresees stable growth in its infrastructure segment, with ongoing demand for its Road Zipper System leasing and sales, as well as road safety products. Lindsay has "line of sight to additional projects potentially moving through the funnel in fiscal 2025" for its Road Zipper System.
- Growth in Precision Agriculture and IIoT Solutions: Lindsay's irrigation solutions include advanced remote irrigation management, scheduling technology, and Industrial Internet of Things (IIoT) solutions. The annual recurring revenue from device subscriptions within this area demonstrated significant growth in fiscal year 2024, indicating continued expansion in this high-tech segment.
- Strategic Price Management: While facing softer market conditions in some areas, Lindsay has implemented modest price increases which have contributed positively to revenue and are expected to continue to do so in offsetting volume declines, particularly in the North American irrigation market.
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Share Repurchases
- Lindsay's Board of Directors authorized a new share repurchase program of up to $150 million of the company's outstanding common stock on November 3, 2025.
- This new authorization followed the completion of a previously authorized $250 million share repurchase program.
- The program provides flexibility to return capital to shareholders while maintaining financial strength for investing in growth opportunities and innovation.
Share Issuance
- The company's CFO acquired 768 shares through Performance Stock Unit (PSU) vesting on November 1, 2025, with 813 shares withheld for taxes.
- Share repurchases in excess of issuances are subject to a 1% excise tax under the Inflation Reduction Act, implying ongoing share issuances, albeit possibly smaller in scale or related to compensation.
Capital Expenditures
- Capital expenditures were $42.5 million in fiscal 2025, $29.0 million in fiscal 2024, and $18.8 million in fiscal 2023.
- Expected capital expenditures for fiscal 2026 are projected to be approximately $50 million to $55 million.
- The focus of these capital expenditures includes equipment replacement, productivity improvements, new product development, and commercial growth investments, with plans for modernization and productivity enhancements at manufacturing facilities.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 131.25 |
| Mkt Cap | 4.4 |
| Rev LTM | 1,835 |
| Op Inc LTM | 231 |
| FCF LTM | 185 |
| FCF 3Y Avg | 135 |
| CFO LTM | 215 |
| CFO 3Y Avg | 184 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.7% |
| Rev Chg 3Y Avg | 4.3% |
| Rev Chg Q | 10.9% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Mgn LTM | 11.6% |
| Op Mgn 3Y Avg | 11.5% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 12.6% |
| CFO/Rev 3Y Avg | 11.0% |
| FCF/Rev LTM | 9.7% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.4 |
| P/S | 2.2 |
| P/EBIT | 18.0 |
| P/E | 29.3 |
| P/CFO | 15.7 |
| Total Yield | 4.1% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 4.3% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.3% |
| 3M Rtn | 22.2% |
| 6M Rtn | 11.3% |
| 12M Rtn | 31.7% |
| 3Y Rtn | 48.4% |
| 1M Excs Rtn | 7.7% |
| 3M Excs Rtn | 23.1% |
| 6M Excs Rtn | 6.8% |
| 12M Excs Rtn | 11.9% |
| 3Y Excs Rtn | -22.9% |
Price Behavior
| Market Price | $136.18 | |
| Market Cap ($ Bil) | 1.5 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | -7.4% | |
| 50 Days | 200 Days | |
| DMA Price | $125.10 | $130.21 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 8.9% | 4.6% |
| 3M | 1YR | |
| Volatility | 27.1% | 27.0% |
| Downside Capture | -67.12 | 68.45 |
| Upside Capture | 59.45 | 59.75 |
| Correlation (SPY) | 15.9% | 54.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.83 | 0.64 | 0.67 | 0.74 | 0.79 | 0.85 |
| Up Beta | 1.54 | 0.91 | 0.98 | 0.91 | 0.86 | 0.90 |
| Down Beta | 1.11 | 0.88 | 0.61 | 0.72 | 0.73 | 0.75 |
| Up Capture | 103% | 78% | 100% | 46% | 55% | 44% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 22 | 34 | 61 | 119 | 375 |
| Down Capture | -23% | 10% | 33% | 93% | 91% | 100% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 19 | 27 | 63 | 130 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LNN | |
|---|---|---|---|---|
| LNN | -0.6% | 27.0% | -0.04 | - |
| Sector ETF (XLI) | 29.2% | 19.2% | 1.20 | 62.2% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 54.4% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | 4.7% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 16.5% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 46.9% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 20.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LNN | |
|---|---|---|---|---|
| LNN | -2.4% | 32.5% | -0.02 | - |
| Sector ETF (XLI) | 16.1% | 17.2% | 0.76 | 54.6% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 44.8% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 7.4% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 16.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 37.9% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 18.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LNN | |
|---|---|---|---|---|
| LNN | 8.1% | 33.4% | 0.32 | - |
| Sector ETF (XLI) | 15.8% | 19.8% | 0.70 | 55.2% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 49.1% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | 2.7% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 20.7% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 39.2% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 14.1% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/8/2026 | 6.8% | 5.2% | |
| 10/23/2025 | -4.4% | -9.1% | -10.4% |
| 6/26/2025 | 4.3% | 7.2% | 0.4% |
| 4/3/2025 | -0.9% | -3.2% | 1.8% |
| 1/7/2025 | 1.8% | 9.1% | 11.9% |
| 10/24/2024 | 8.4% | 3.9% | 14.8% |
| 6/27/2024 | 14.4% | 0.9% | 10.3% |
| 4/4/2024 | -0.7% | -0.2% | 3.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 13 | 15 |
| # Negative | 9 | 12 | 9 |
| Median Positive | 4.2% | 5.2% | 7.7% |
| Median Negative | -4.4% | -3.6% | -6.2% |
| Max Positive | 14.6% | 17.7% | 26.5% |
| Max Negative | -11.5% | -11.8% | -19.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 11/30/2025 | 01/08/2026 | 10-Q |
| 08/31/2025 | 10/23/2025 | 10-K |
| 05/31/2025 | 06/26/2025 | 10-Q |
| 02/28/2025 | 04/03/2025 | 10-Q |
| 11/30/2024 | 01/07/2025 | 10-Q |
| 08/31/2024 | 10/24/2024 | 10-K |
| 05/31/2024 | 06/27/2024 | 10-Q |
| 02/29/2024 | 04/04/2024 | 10-Q |
| 11/30/2023 | 01/04/2024 | 10-Q |
| 08/31/2023 | 10/19/2023 | 10-K |
| 05/31/2023 | 06/29/2023 | 10-Q |
| 02/28/2023 | 04/04/2023 | 10-Q |
| 11/30/2022 | 01/05/2023 | 10-Q |
| 08/31/2022 | 10/20/2022 | 10-K |
| 05/31/2022 | 06/30/2022 | 10-Q |
| 02/28/2022 | 04/05/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Brunner, Robert E | Direct | Sell | 8132025 | 142.08 | 1,332 | 189,251 | 362,020 | Form | |
| 2 | Brunner, Robert E | LLC | Sell | 8132025 | 142.08 | 1,856 | 263,700 | 465,170 | Form | |
| 3 | Ketcham, Brian L | Senior Vice President and CFO | Direct | Sell | 7012025 | 149.09 | 3,999 | 596,211 | 1,434,395 | Form |
| 4 | Di, Si Pablo | Direct | Sell | 5132025 | 138.29 | 640 | 88,506 | 595,200 | Form | |
| 5 | Wood, Randy A | President and CEO | Direct | Sell | 1312025 | 135.61 | 7,649 | 1,037,273 | 4,849,104 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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