Winnebago Industries, Inc. (WGO) Upgraded by Zacks Investment Research to “Buy”

Winnebago Industries, Inc. (NYSE:WGO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $33.00 price target on the construction company’s stock. Zacks Investment Research’s price target would suggest a potential upside of 25.71% from the company’s previous close.

According to Zacks, “Winnebago’s second-quarter fiscal 2017 earnings and revenues increased year over year and beat the respective Zacks Consensus Estimate. The company benefitted from the acquisition of towable recreation vehicles producer, Grand Design and is expected to continue to do so. Moreover, Winnebago is positioned to benefit from growing new motorhome market traction, focus on business expansion and quality improvement. Management also expects to benefit from better performance of the towables business, driven by product launches, expansion of its dealer network and improved productivity. “

WGO has been the subject of several other reports. BMO Capital Markets reissued a “market perform” rating and issued a $29.00 price objective (down from $40.00) on shares of Winnebago Industries in a research report on Friday, March 10th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.00.

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

Winnebago Industries (NYSE:WGO) traded up 0.57% during trading on Friday, reaching $26.25. 329,278 shares of the company’s stock traded hands. The firm has a 50 day moving average of $28.86 and a 200 day moving average of $31.03. Winnebago Industries has a 1-year low of $20.19 and a 1-year high of $39.30. The firm has a market capitalization of $829.13 million, a PE ratio of 13.64 and a beta of 1.95.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, March 22nd. The construction company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. Winnebago Industries had a return on equity of 18.27% and a net margin of 4.84%. The company earned $370.50 million during the quarter, compared to analysts’ expectations of $345.19 million. During the same period in the prior year, the business earned $0.35 earnings per share. Winnebago Industries’s revenue for the quarter was up 64.2% compared to the same quarter last year. Equities analysts forecast that Winnebago Industries will post $2.20 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a $0.40 annualized dividend and a yield of 1.52%. Winnebago Industries’s dividend payout ratio (DPR) is currently 22.35%.

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In related news, VP Brian Daniel Hazelton acquired 2,278 shares of the business’s stock in a transaction on Monday, April 10th. The stock was bought at an average cost of $26.27 per share, with a total value of $59,843.06. Following the completion of the acquisition, the vice president now owns 13,278 shares in the company, valued at $348,813.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David W. Miles acquired 2,000 shares of the business’s stock in a transaction on Tuesday, April 11th. The shares were bought at an average cost of $25.65 per share, with a total value of $51,300.00. Following the completion of the acquisition, the director now owns 3,600 shares of the company’s stock, valued at approximately $92,340. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 8,278 shares of company stock valued at $224,603. 1.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new position in shares of Winnebago Industries during the fourth quarter worth about $112,000. Victory Capital Management Inc. bought a new position in shares of Winnebago Industries during the third quarter worth about $100,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Winnebago Industries by 176.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,698 shares of the construction company’s stock worth $149,000 after buying an additional 2,998 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Winnebago Industries by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,970 shares of the construction company’s stock worth $141,000 after buying an additional 100 shares during the period. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in shares of Winnebago Industries during the first quarter worth $207,000. 83.36% of the stock is owned by institutional investors.

About Winnebago Industries

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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