Northcoast Research Analysts Lift Earnings Estimates for Winnebago Industries Inc. (WGO)
Winnebago Industries Inc. (NYSE:WGO) – Northcoast Research lifted their Q4 2016 earnings estimates for shares of Winnebago Industries in a research note issued on Wednesday. Northcoast Research analyst S. Woolf now anticipates that the firm will post earnings of $0.49 per share for the quarter, up from their prior forecast of $0.38. Northcoast Research also issued estimates for Winnebago Industries’ Q4 2017 earnings at $0.44 EPS.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Robert W. Baird reissued a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research note on Saturday, June 25th. Finally, BMO Capital Markets boosted their target price on shares of Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) traded down 3.38% during mid-day trading on Friday, reaching $28.02. 240,306 shares of the company traded hands. The company has a market capitalization of $753.54 million, a P/E ratio of 17.19 and a beta of 2.11. The firm’s 50 day moving average price is $24.06 and its 200-day moving average price is $22.55. Winnebago Industries has a 52-week low of $15.41 and a 52-week high of $30.60.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/northcoast-research-analysts-lift-earnings-estimates-for-winnebago-industries-inc-wgo.html
A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. BlackRock Fund Advisors raised its position in Winnebago Industries by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,781,173 shares of the company’s stock worth $40,824,000 after buying an additional 49,703 shares during the period. Dimensional Fund Advisors LP raised its position in Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock worth $32,076,000 after buying an additional 163,197 shares during the period. Vanguard Group Inc. raised its position in Winnebago Industries by 1.3% in the second quarter. Vanguard Group Inc. now owns 1,243,102 shares of the company’s stock worth $28,492,000 after buying an additional 16,137 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares during the period. Finally, Numeric Investors LLC raised its position in Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock worth $7,796,000 after buying an additional 195,644 shares during the period. 91.48% of the stock is owned by institutional investors and hedge funds.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.