Winnebago Industries, Inc. (WGO) Receives “Outperform” Rating from Robert W. Baird
Winnebago Industries, Inc. (NYSE:WGO)‘s stock had its “outperform” rating restated by stock analysts at Robert W. Baird in a report released on Friday. They currently have a $48.00 price objective on the construction company’s stock, up from their previous price objective of $38.00. Robert W. Baird’s price objective suggests a potential upside of 0.52% from the company’s current price.
Several other analysts have also recently weighed in on WGO. SunTrust Banks, Inc. reissued a “hold” rating and issued a $45.00 price objective on shares of Winnebago Industries in a research note on Friday. They noted that the move was a valuation call. BidaskClub cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Stifel Nicolaus cut shares of Winnebago Industries from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. ValuEngine raised shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $34.00 target price (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Winnebago Industries presently has an average rating of “Buy” and an average price target of $42.29.
Winnebago Industries (WGO) traded up 4.14% on Friday, hitting $47.75. The stock had a trading volume of 948,653 shares. The company’s 50 day moving average is $41.94 and its 200-day moving average is $33.71. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.85 and a beta of 1.99. Winnebago Industries has a 1-year low of $24.15 and a 1-year high of $48.05.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company had revenue of $454.90 million for the quarter, compared to analysts’ expectations of $444.50 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Winnebago Industries’s revenue for the quarter was up 72.8% on a year-over-year basis. On average, analysts forecast that Winnebago Industries will post $2.77 EPS for the current year.
Winnebago Industries declared that its board has initiated a stock repurchase plan on Thursday, October 19th that permits the company to repurchase $70.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. lifted its holdings in Winnebago Industries by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after buying an additional 35 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Winnebago Industries by 0.4% in the second quarter. Anchor Capital Advisors LLC now owns 34,239 shares of the construction company’s stock valued at $1,198,000 after buying an additional 150 shares during the period. Texas Permanent School Fund lifted its holdings in Winnebago Industries by 0.8% in the second quarter. Texas Permanent School Fund now owns 19,371 shares of the construction company’s stock valued at $678,000 after buying an additional 163 shares during the period. Arizona State Retirement System lifted its holdings in Winnebago Industries by 1.5% in the first quarter. Arizona State Retirement System now owns 13,799 shares of the construction company’s stock valued at $404,000 after buying an additional 200 shares during the period. Finally, Mason Street Advisors LLC lifted its holdings in Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock valued at $181,000 after buying an additional 424 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.
Winnebago Industries Company Profile
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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