Winnebago Industries, Inc. (NYSE:WGO) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday. The firm presently has a $53.00 price target on the construction company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 21.14% from the stock’s previous close.

According to Zacks, “In the last three months, Winnebago’s shares outperformed the industry it belongs to. The company has been focusing to increase its production of Class A gas and Class C motorhomes by building new facilities, which will lead to a rise in product demand, in future. The company’ shares repurchase programs and frequent dividend payments will boost its shareholders’ value. Also, the acquisition of Grand Design will help it to diversify its product portfolio and enhance its presence in the towable business. However, the company is facing challenges due to sales decline of the Motorized segment. Also, under the signed repurchase agreements, the company will buy back its default products from the dealers, which will lead to an increase in capital expenditure.”

WGO has been the topic of a number of other reports. BMO Capital Markets reissued a “hold” rating and issued a $34.00 price target on shares of Winnebago Industries in a research note on Friday, September 1st. Stifel Nicolaus assumed coverage on shares of Winnebago Industries in a research note on Thursday, July 6th. They issued a “buy” rating and a $40.00 price target on the stock. BidaskClub downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.60.

Shares of Winnebago Industries (NYSE WGO) traded down 1.657% during trading on Thursday, reaching $43.025. 103,062 shares of the company’s stock were exchanged. The stock has a market cap of $1.36 billion, a P/E ratio of 21.491 and a beta of 1.99. Winnebago Industries has a 12-month low of $24.15 and a 12-month high of $46.85. The company has a 50 day moving average of $38.83 and a 200 day moving average of $32.46.

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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Winnebago Industries by 6.5% in the 2nd quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after acquiring an additional 210,269 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Winnebago Industries by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,846,289 shares of the construction company’s stock valued at $64,620,000 after purchasing an additional 157,772 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Winnebago Industries by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after purchasing an additional 97,867 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Winnebago Industries by 2.4% in the second quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock valued at $54,416,000 after purchasing an additional 36,376 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its holdings in shares of Winnebago Industries by 9.5% in the second quarter. Kennedy Capital Management Inc. now owns 1,180,893 shares of the construction company’s stock valued at $41,331,000 after purchasing an additional 102,001 shares in the last quarter. 84.65% of the stock is currently 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 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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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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