Robert W. Baird Increases Winnebago Industries, Inc. (WGO) Price Target to $52.00
Winnebago Industries, Inc. (NYSE:WGO) had its price objective lifted by equities research analysts at Robert W. Baird from $48.00 to $52.00 in a report issued on Friday. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective suggests a potential upside of 6.01% from the stock’s current price.
Other analysts have also issued research reports about the company. BidaskClub lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Stifel Nicolaus initiated coverage on Winnebago Industries in a report on Thursday, July 6th. They issued a “buy” rating and a $40.00 price objective for the company. ValuEngine lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. SunTrust Banks, Inc. restated a “hold” rating and issued a $45.00 price objective on shares of Winnebago Industries in a report on Friday, October 20th. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and issued a $34.00 price objective on shares of Winnebago Industries in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $45.29.
Shares of Winnebago Industries (NYSE:WGO) traded down $0.60 during trading on Friday, hitting $49.05. The stock had a trading volume of 495,500 shares, compared to its average volume of 698,073. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88. The firm has a market capitalization of $1,560.13, a price-to-earnings ratio of 16.68 and a beta of 2.03. Winnebago Industries has a twelve month low of $24.15 and a twelve month high of $49.90.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data 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 business had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The company’s revenue was up 72.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. equities research analysts expect that Winnebago Industries will post 2.88 EPS for the current year.
Winnebago Industries announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $107,000. Pinebridge Investments L.P. lifted its holdings in shares of Winnebago Industries by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after purchasing an additional 35 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after purchasing an additional 536 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Winnebago Industries by 78.6% during the second quarter. State of Alaska Department of Revenue now owns 5,233 shares of the construction company’s stock valued at $183,000 after purchasing an additional 2,303 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at $201,000. 84.84% of the stock is 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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