Winnebago Industries (WGO) Rating Reiterated by SunTrust Banks

Winnebago Industries (NYSE:WGO)‘s stock had its “hold” rating reaffirmed by research analysts at SunTrust Banks in a note issued to investors on Thursday. They currently have a $52.00 price objective on the construction company’s stock. SunTrust Banks’ price target indicates a potential downside of 7.88% from the stock’s previous close. SunTrust Banks also issued estimates for Winnebago Industries’ Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $3.02 EPS and FY2019 earnings at $3.45 EPS.

A number of other brokerages have also recently weighed in on WGO. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 price target (up previously from $45.00) on shares of Winnebago Industries in a research note on Thursday. Robert W. Baird reissued an “outperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of Winnebago Industries in a research note on Thursday. ValuEngine cut Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, BMO Capital Markets lifted their price target on Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $52.17.

Winnebago Industries (NYSE:WGO) opened at $56.45 on Thursday. The firm has a market capitalization of $1,741.43, a PE ratio of 23.04 and a beta of 2.06. Winnebago Industries has a 12 month low of $24.15 and a 12 month 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.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The firm had revenue of $450.00 million for the quarter, compared to analysts’ expectations of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. Winnebago Industries’s revenue was up 83.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS. analysts expect that Winnebago Industries will post 2.88 earnings per share for the current fiscal year.

Winnebago Industries declared that its board has authorized a stock buyback plan on Thursday, October 19th that allows the company to buyback $70.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the business. Virginia Retirement Systems ET AL grew its stake in Winnebago Industries by 20.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock valued at $1,827,000 after acquiring an additional 8,900 shares in the last quarter. Swiss National Bank grew its stake in Winnebago Industries by 6.6% during the 2nd quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock valued at $1,708,000 after acquiring an additional 3,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Winnebago Industries by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock valued at $31,679,000 after acquiring an additional 10,975 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Winnebago Industries by 57.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 13,675 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in Winnebago Industries by 476.6% during the 3rd quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock valued at $1,643,000 after acquiring an additional 30,362 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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