Leadership Change and New Buyback Authorization Could Be a Game Changer for Lindsay (LNN)

• In early November 2025, Lindsay Corporation announced the appointment of Brian J. Magnusson as President of its Irrigation segment, following the mutual departure agreement with Gustavo E. Oberto, and revealed the completion of a significant share repurchase of 2,888,941 shares for US$250 million, while authorizing a new buyback program of up to US$150 million.
• This combination of leadership transition and renewed capital return efforts marks a significant development in Lindsay’s corporate strategy and financial positioning.
• We’ll examine how Lindsay’s latest share repurchase authorization could influence expectations around shareholder returns and capital allocation.

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Lindsay Investment Narrative Recap

To be a Lindsay shareholder, you have to believe in the company's ability to drive growth from large infrastructure projects and expanding international irrigation markets while managing margin pressures. The recent leadership change and newly authorized share buyback are not expected to shift the near-term catalyst, which remains tied to securing new Road Zipper contracts, nor do they materially mitigate the main risk posed by challenging demand in the North American irrigation segment.

The most relevant recent announcement is Lindsay’s initiation of a new US$150 million share repurchase program, following the completion of its earlier buyback. This move highlights ongoing efforts to return capital while maintaining flexibility to invest in growth projects, reinforcing confidence that capital allocation remains a core focus even as project timing drives short-term sentiment. However, shifting end-market dynamics and geographic uncertainties continue to frame...

Read the full narrative on Lindsay (it's free!)

Lindsay's outlook anticipates $751.5 million in revenue and $86.5 million in earnings by 2028. This implies a 3.5% annual revenue growth rate and a $10.5 million increase in earnings from the current $76.0 million.

Uncover how Lindsay's forecasts yield a $127.00 fair value, a 14% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members have set fair value estimates for Lindsay between US$127 and US$160.75, reflecting two individual outlooks. While opinions vary, the challenge of sluggish North American irrigation demand remains a key consideration for future performance, so examining multiple perspectives is important.

Explore 2 other fair value estimates on Lindsay - why the stock might be worth as much as 44% more than the current price!

Build Your Own Lindsay Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Lindsay research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Lindsay research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Lindsay's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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