Winnebago Industries, Inc. (NYSE:WGO) Cut to “Buy” at BidaskClub
Winnebago Industries, Inc. (NYSE:WGO) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Several other research analysts also recently commented on the company. CL King assumed coverage on Winnebago Industries in a research note on Monday, April 24th. They set a “buy” rating and a $32.00 target price for the company. BMO Capital Markets reiterated a “market perform” rating and set a $34.00 target price (up from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. Finally, Stifel Nicolaus assumed coverage on Winnebago Industries in a research note on Thursday, July 6th. They set a “buy” rating and a $40.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Winnebago Industries currently has an average rating of “Buy” and a consensus target price of $34.83.
Shares of Winnebago Industries (NYSE:WGO) traded up 0.55% during midday trading on Thursday, reaching $36.60. The company’s stock had a trading volume of 530,348 shares. Winnebago Industries has a 12 month low of $22.11 and a 12 month high of $39.30. The company has a 50-day moving average price of $33.12 and a 200-day moving average price of $30.48. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 18.28 and a beta of 1.98.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.22. The firm had revenue of $476.40 million for the quarter, compared to analyst estimates of $440.94 million. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The business’s quarterly revenue was up 75.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Equities analysts expect that Winnebago Industries will post $2.23 earnings per share for the current year.
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In other Winnebago Industries news, Director Christopher J. Braun bought 5,000 shares of Winnebago Industries stock in a transaction dated Friday, May 12th. The stock was bought at an average cost of $27.72 per share, for a total transaction of $138,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in WGO. BlackRock Inc. increased its stake in Winnebago Industries by 170,889.1% in the first quarter. BlackRock Inc. now owns 3,216,305 shares of the construction company’s stock valued at $94,078,000 after buying an additional 3,214,424 shares during the period. Royce & Associates LP increased its stake in Winnebago Industries by 1.6% in the first quarter. Royce & Associates LP now owns 2,317,037 shares of the construction company’s stock valued at $67,773,000 after buying an additional 36,761 shares during the period. Dimensional Fund Advisors LP increased its stake in Winnebago Industries by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,688,517 shares of the construction company’s stock valued at $49,389,000 after buying an additional 108,635 shares during the period. Cooke & Bieler LP increased its stake in Winnebago Industries by 22.5% in the first quarter. Cooke & Bieler LP now owns 1,518,362 shares of the construction company’s stock valued at $44,412,000 after buying an additional 278,637 shares during the period. Finally, Vanguard Group Inc. increased its stake in Winnebago Industries by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,469,787 shares of the construction company’s stock valued at $42,991,000 after buying an additional 133,676 shares during the period. Institutional investors and hedge funds own 84.54% of the company’s stock.
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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