Winnebago Industries, Inc. (NYSE:WGO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $33.00 target price on the construction company’s stock. Zacks Investment Research’s target price indicates a potential upside of 25.71% from the company’s current price.
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 topic of a number of other research reports. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. BMO Capital Markets reiterated a “market perform” rating and set a $29.00 price target (down previously from $40.00) on shares of Winnebago Industries in a report on Friday, March 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.00.
Winnebago Industries (NYSE:WGO) traded up 0.57% on Friday, reaching $26.25. The company’s stock had a trading volume of 329,278 shares. The stock’s 50 day moving average is $28.86 and its 200-day moving average is $31.03. The firm has a market capitalization of $829.13 million, a PE ratio of 13.64 and a beta of 1.95. Winnebago Industries has a 52 week low of $20.19 and a 52 week high of $39.30.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, March 22nd. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $370.50 million for the quarter, compared to analysts’ expectations of $345.19 million. Winnebago Industries had a net margin of 4.84% and a return on equity of 18.27%. The company’s revenue was up 64.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Analysts predict 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 issued 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 payout ratio is 22.35%.
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In other news, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 10th. The shares were acquired at an average price of $25.94 per share, for a total transaction of $51,880.00. Following the completion of the acquisition, the director now directly owns 13,600 shares in the company, valued at $352,784. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Moss bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was purchased at an average price of $30.74 per share, for a total transaction of $46,110.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $30,740. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 8,278 shares of company stock worth $224,603. 1.50% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its position in 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 valued at $141,000 after buying an additional 100 shares during the last quarter. Aperio Group LLC raised its position in Winnebago Industries by 0.7% in the third quarter. Aperio Group LLC now owns 16,408 shares of the construction company’s stock valued at $387,000 after buying an additional 120 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Winnebago Industries by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the construction company’s stock valued at $316,000 after buying an additional 200 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Winnebago Industries by 2.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,180 shares of the construction company’s stock valued at $449,000 after buying an additional 350 shares during the period. Finally, Anchor Capital Advisors LLC increased its stake in Winnebago Industries by 1.7% in the third quarter. Anchor Capital Advisors LLC now owns 35,177 shares of the construction company’s stock valued at $829,000 after buying an additional 572 shares during the period. Institutional investors and hedge funds own 83.36% 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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