Winnebago Industries, Inc. (WGO) Receives “Hold” Rating from SunTrust Banks, Inc.
Winnebago Industries, Inc. (NYSE:WGO)‘s stock had its “hold” rating restated by equities research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday, The Fly reports. They currently have a $45.00 target price on the construction company’s stock. SunTrust Banks, Inc.’s price objective points to a potential downside of 5.76% from the stock’s current price. SunTrust Banks also issued estimates for Winnebago Industries’ Q1 2018 earnings at $0.46 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $2.82 EPS. The analysts noted that the move was a valuation call.
Several other equities analysts have also commented on the stock. Robert W. Baird reiterated a “buy” rating on shares of Winnebago Industries in a research report on Thursday, September 28th. BidaskClub lowered shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating and increased their price objective for the company from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $34.00 price objective (up previously from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Winnebago Industries currently has a consensus rating of “Buy” and an average target price of $42.29.
Winnebago Industries (NYSE:WGO) traded up 4.14% during mid-day trading on Friday, hitting $47.75. 948,653 shares of the stock were exchanged. The company has a 50-day moving average of $41.94 and a 200-day moving average of $33.71. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $48.05. The stock has a market capitalization of $1.51 billion, a PE ratio of 23.85 and a beta of 1.99.
Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. Winnebago Industries’s quarterly revenue was up 72.8% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. On average, equities analysts predict that Winnebago Industries will post $2.77 EPS for the current fiscal year.
Winnebago Industries announced that its board has initiated a stock buyback program on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
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Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth about $107,000. Pinebridge Investments L.P. lifted its holdings in shares of Winnebago Industries by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after acquiring an additional 35 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Winnebago Industries by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after acquiring an additional 536 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Winnebago Industries by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock worth $181,000 after acquiring an additional 424 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Winnebago Industries by 78.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock worth $183,000 after acquiring an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors 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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