Winnebago Industries (NYSE:WGO) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other equities analysts also recently issued reports on WGO. Robert W. Baird reissued a “buy” rating on shares of Winnebago Industries in a research note on Thursday, September 28th. Stifel Nicolaus cut shares of Winnebago Industries from a “buy” rating to a “hold” rating and upped their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a report on Thursday, October 5th. 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. Finally, SunTrust Banks 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Winnebago Industries has an average rating of “Buy” and a consensus target price of $52.17.

Winnebago Industries (NYSE WGO) traded down $1.70 during mid-day trading on Friday, reaching $55.60. 390,061 shares of the company were exchanged, compared to its average volume of 584,321. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $58.65. The company has a market capitalization of $1,760.07, a P/E ratio of 22.69 and a beta of 2.06. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate of $387.12 million. During the same period in the prior year, the firm earned $0.42 earnings per share. Winnebago Industries’s revenue was up 83.4% on a year-over-year basis. equities research analysts anticipate that Winnebago Industries will post 3.07 earnings per share for the current year.

Winnebago Industries announced that its Board of Directors has authorized a share buyback program on Thursday, October 19th that allows the company to repurchase $70.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

A number of institutional investors and hedge funds have recently made changes to their positions in WGO. Lawson Kroeker Investment Management grew its holdings in shares of Winnebago Industries by 0.4% during the fourth quarter. Lawson Kroeker Investment Management now owns 98,765 shares of the construction company’s stock valued at $1,965,000 after buying an additional 390 shares during the last quarter. HL Financial Services LLC grew its holdings in shares of Winnebago Industries by 28.5% during the fourth quarter. HL Financial Services LLC now owns 63,271 shares of the construction company’s stock valued at $1,259,000 after buying an additional 14,040 shares during the last quarter. Investment Counselors of Maryland LLC grew its holdings in shares of Winnebago Industries by 1.2% during the fourth quarter. Investment Counselors of Maryland LLC now owns 739,150 shares of the construction company’s stock valued at $14,709,000 after buying an additional 8,800 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Winnebago Industries by 2.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 158,942 shares of the construction company’s stock valued at $3,163,000 after buying an additional 3,569 shares during the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of Winnebago Industries by 22.1% during the fourth quarter. Cooke & Bieler LP now owns 2,074,250 shares of the construction company’s stock valued at $41,278,000 after buying an additional 374,768 shares during the last quarter. Institutional investors and hedge funds own 82.85% of the company’s stock.

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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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