Winnebago Industries, Inc. (WGO) Rating Lowered to Buy at BidaskClub
Winnebago Industries, Inc. (NYSE:WGO) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.
Other research analysts also recently issued research reports about the company. CL King assumed coverage on Winnebago Industries in a report on Monday, April 24th. They set a “buy” rating and a $32.00 target price on the stock. Griffin Securities reiterated a “buy” rating on shares of Winnebago Industries in a report on Thursday, March 23rd. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Zacks Investment Research downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Monday, March 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $34.00 target price (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.83.
Shares of Winnebago Industries (NYSE WGO) traded up 1.91% during midday trading on Wednesday, hitting $34.75. The company had a trading volume of 405,894 shares. The company has a market capitalization of $1.10 billion, a P/E ratio of 17.36 and a beta of 1.98. Winnebago Industries has a 52 week low of $22.11 and a 52 week high of $39.30. The firm’s 50 day moving average is $28.63 and its 200 day moving average is $30.35.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.22. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The company had revenue of $476.40 million for the quarter, compared to the consensus estimate of $440.94 million. During the same quarter in the previous year, the business earned $0.53 EPS. Winnebago Industries’s revenue was up 75.1% compared to the same quarter last year. Equities research analysts anticipate that Winnebago Industries will post $2.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th will be given a $0.10 dividend. The ex-dividend date is Monday, July 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. Winnebago Industries’s dividend payout ratio is currently 20.00%.
In related news, Director Christopher J. Braun purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $27.72 per share, with a total value of $138,600.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Winnebago Industries by 33.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,689 shares of the construction company’s stock worth $137,000 after buying an additional 1,165 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted 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 in the last quarter. Barnett & Company Inc. bought a new stake in shares of Winnebago Industries during the first quarter worth approximately $165,000. Mason Street Advisors LLC boosted its stake in shares of Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock worth $181,000 after buying an additional 424 shares in the last quarter. Finally, Deschutes Portfolio Strategy LLC bought a new stake in shares of Winnebago Industries during the first quarter worth approximately $207,000. 84.86% of the stock is currently owned by hedge funds and other 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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