What Happened?
Shares of agricultural and farm machinery company Lindsay (NYSE: LNN) fell 2.4% in the morning session after the company faced investor apprehension ahead of its fourth-quarter earnings report, as analysts expected a drop in revenue. Projections pointed to a 2.5% decline in revenue compared to the same period in the previous year. This forecast might have concerned investors, especially since the company had missed Wall Street's revenue estimates three times over the last two years, adding to the uncertainty surrounding the announcement.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Lindsay? Access our full analysis report here.
What Is The Market Telling Us
Lindsay’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 3 months ago when the stock dropped 3.6% on the news that its Senior Vice President and Chief Financial Officer, Brian Ketcham, announced his planned retirement effective at the end of 2025. Ketcham planned to remain as a consultant through 2026 to ensure a smooth transition, but the departure of a key executive introduced uncertainty for investors. This news was compounded by analyst commentary from William Blair, which reiterated its Market Perform rating due to a lack of near-term catalysts and concerns over potential earnings contraction. Adding to the negative pressure, reports also surfaced that the New York State Common Retirement Fund significantly reduced its stake in the company during the first quarter and that the departing CFO sold thousands of shares in early July.
Lindsay is up 7.2% since the beginning of the year, but at $125.17 per share, it is still trading 15.6% below its 52-week high of $148.29 from July 2025. Investors who bought $1,000 worth of Lindsay’s shares 5 years ago would now be looking at an investment worth $1,126.
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