Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $49.00.
A number of analysts have issued reports on the stock. Stifel Nicolaus set a $50.00 price target on shares of Winnebago Industries and gave the stock a “hold” rating in a research note on Friday, February 9th. SunTrust Banks reiterated a “hold” rating and set a $52.00 price target on shares of Winnebago Industries in a research note on Thursday, December 21st. ValuEngine upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird reiterated an “outperform” rating and set a $60.00 price target (up from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. Finally, BMO Capital Markets boosted their price target on shares of Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd.
Winnebago Industries (NYSE WGO) opened at $43.55 on Wednesday. Winnebago Industries has a 1 year low of $24.15 and a 1 year high of $58.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.03. The company has a market cap of $1,434.02, a PE ratio of 15.57 and a beta of 1.79.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The business’s revenue for the quarter was up 83.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. equities research analysts forecast that Winnebago Industries will post 3.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.92%. Winnebago Industries’s payout ratio is 16.33%.
Winnebago Industries declared that its Board of Directors has approved a stock buyback plan on Thursday, October 19th that authorizes the company to repurchase $70.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. increased its stake in Winnebago Industries by 259.2% in the fourth quarter. Landscape Capital Management L.L.C. now owns 93,090 shares of the construction company’s stock valued at $5,176,000 after purchasing an additional 67,175 shares during the last quarter. Geode Capital Management LLC increased its stake in Winnebago Industries by 17.4% in the fourth quarter. Geode Capital Management LLC now owns 267,448 shares of the construction company’s stock valued at $14,870,000 after purchasing an additional 39,632 shares during the last quarter. Globeflex Capital L P increased its stake in Winnebago Industries by 555.5% in the fourth quarter. Globeflex Capital L P now owns 21,567 shares of the construction company’s stock valued at $1,199,000 after purchasing an additional 18,277 shares during the last quarter. Amalgamated Bank purchased a new position in Winnebago Industries in the fourth quarter valued at approximately $255,000. Finally, Virtu Financial LLC purchased a new position in Winnebago Industries in the fourth quarter valued at approximately $300,000. Institutional investors own 82.94% of the company’s stock.
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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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