Winnebago Industries, Inc. (NYSE:WGO) had its price target hoisted by stock analysts at BMO Capital Markets to $51.00 in a note issued to investors on Monday. The firm presently has a “market perform” rating on the construction company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 8.40% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Thursday, October 5th. BidaskClub upgraded shares of Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus started coverage on shares of Winnebago Industries in a research report on Thursday, July 6th. They set a “buy” rating and a $40.00 target price for the company. ValuEngine cut shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Robert W. Baird reiterated a “buy” rating on shares of Winnebago Industries in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Winnebago Industries has a consensus rating of “Buy” and a consensus price target of $44.71.

Winnebago Industries (NYSE WGO) traded down 1.47% on Monday, reaching $47.05. 889,207 shares of the company’s stock traded hands. The firm’s 50-day moving average is $42.25 and its 200 day moving average is $33.95. Winnebago Industries has a 52-week low of $24.15 and a 52-week high of $48.45. The stock has a market capitalization of $1.49 billion, a PE ratio of 23.50 and a beta of 1.99.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The business 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%. The firm’s revenue for the quarter was up 72.8% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. Analysts forecast that Winnebago Industries will post $2.81 EPS for the current year.

Winnebago Industries announced that its board has authorized a stock repurchase plan on Thursday, October 19th that authorizes the company to repurchase $70.00 million in shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Lawson Kroeker Investment Management Inc. NE increased its position in Winnebago Industries by 55.4% in the 2nd quarter. Lawson Kroeker Investment Management Inc. NE now owns 131,025 shares of the construction company’s stock valued at $4,586,000 after acquiring an additional 46,725 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in Winnebago Industries by 20.6% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 52,200 shares of the construction company’s stock valued at $1,827,000 after acquiring an additional 8,900 shares in the last quarter. Legal & General Group Plc increased its position in Winnebago Industries by 4.1% in the 1st quarter. Legal & General Group Plc now owns 48,846 shares of the construction company’s stock valued at $1,429,000 after acquiring an additional 1,907 shares in the last quarter. Swiss National Bank increased its position in Winnebago Industries by 6.6% in the 2nd quarter. Swiss National Bank now owns 48,800 shares of the construction company’s stock valued at $1,708,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Winnebago Industries by 57.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock valued at $1,307,000 after acquiring an additional 13,675 shares in the last quarter. Hedge funds and other institutional investors own 84.67% 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.

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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