Winnebago Industries, Inc. (NYSE:WGO) – Analysts at SunTrust Banks upped their Q2 2018 earnings estimates for shares of Winnebago Industries in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst M. Swartz now expects that the construction company will post earnings per share of $0.58 for the quarter, up from their prior estimate of $0.55. SunTrust Banks has a “Hold” rating and a $52.00 price objective on the stock.
Several other analysts have also recently issued reports on WGO. Robert W. Baird restated an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Stifel Nicolaus restated a “hold” rating and issued a $53.00 target price (up from $45.00) on shares of Winnebago Industries in a report on Thursday, December 21st. ValuEngine upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, BMO Capital Markets upped their target price on Winnebago Industries to $51.00 and gave the company a “market perform” rating in a report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $52.17.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The firm had revenue of $450.00 million during the quarter, compared to the consensus estimate of $387.12 million. During the same period in the prior year, the company earned $0.42 EPS. The firm’s revenue was up 83.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Winnebago Industries during the 2nd quarter worth about $107,000. Pinebridge Investments L.P. raised its position in Winnebago Industries by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after purchasing an additional 35 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Winnebago Industries in the 3rd quarter valued at about $124,000. Victory Capital Management Inc. raised its position in Winnebago Industries by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after purchasing an additional 536 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in Winnebago Industries in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 82.85% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s dividend payout ratio is presently 16.33%.
Winnebago Industries announced that its board has initiated a share repurchase 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 buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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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