Winnebago Industries, Inc. (NYSE:WGO) had its price target upped by Robert W. Baird from $48.00 to $52.00 in a research note issued to investors on Friday, November 3rd. Robert W. Baird currently has an outperform rating on the construction company’s stock.
WGO has been the subject of a number of other reports. Zacks Investment Research cut shares of Winnebago Industries from a hold rating to a sell rating in a research note on Wednesday, August 30th. Stifel Nicolaus cut shares of Winnebago Industries from a buy rating to a hold rating and lifted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a hold rating and set a $34.00 price target on shares of Winnebago Industries in a research note on Friday, October 13th. SunTrust Banks, Inc. reaffirmed a hold rating and set a $45.00 price target on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Winnebago Industries from a strong-buy rating to a buy rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $46.17.
Winnebago Industries (NYSE:WGO) opened at $48.25 on Friday. The firm has a market cap of $1,531.50, a price-to-earnings ratio of 16.38 and a beta of 2.03. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $49.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. During the same period last year, the company posted $0.49 earnings per share. Winnebago Industries’s quarterly revenue was up 72.8% on a year-over-year basis. equities analysts predict that Winnebago Industries will post 2.88 EPS for the current fiscal year.
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Winnebago Industries announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Winnebago Industries’s payout ratio is 17.39%.
Several large investors have recently bought and sold shares of the company. Griffin Asset Management Inc. bought a new stake in shares of Winnebago Industries in the 3rd quarter valued at about $3,002,000. California Public Employees Retirement System raised its holdings in shares of Winnebago Industries by 3.6% in the 3rd quarter. California Public Employees Retirement System now owns 94,300 shares of the construction company’s stock valued at $4,220,000 after purchasing an additional 3,300 shares in the last quarter. Janney Capital Management LLC raised its holdings in shares of Winnebago Industries by 46.2% in the 3rd quarter. Janney Capital Management LLC now owns 10,122 shares of the construction company’s stock valued at $452,000 after purchasing an additional 3,198 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Winnebago Industries by 206.0% in the 3rd quarter. Engineers Gate Manager LP now owns 74,210 shares of the construction company’s stock valued at $3,321,000 after purchasing an additional 49,960 shares in the last quarter. Finally, Bluestein R H & Co. raised its stake in shares of Winnebago Industries by 50.0% during the 3rd quarter. Bluestein R H & Co. now owns 9,000 shares of the construction company’s stock worth $403,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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