Winnebago Industries, Inc. (NYSE:WGO) has been given an average rating of “Buy” by the ten research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $49.60.
Several research analysts have issued reports on WGO shares. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Tuesday, December 19th. BMO Capital Markets reissued a “hold” rating and set a $34.00 price objective on shares of Winnebago Industries in a research report on Friday, October 13th. ValuEngine downgraded shares of Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and set a $45.00 price objective on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Finally, Robert W. Baird reissued an “outperform” rating and set a $48.00 price objective (up from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th.
Several hedge funds have recently added to or reduced their stakes in the company. Edge Wealth Management LLC acquired a new stake in shares of Winnebago Industries in the 4th quarter worth $278,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Winnebago Industries by 10.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 193,092 shares of the construction company’s stock worth $10,736,000 after acquiring an additional 17,599 shares during the period. Profit Investment Management LLC lifted its stake in shares of Winnebago Industries by 40.7% in the 4th quarter. Profit Investment Management LLC now owns 52,583 shares of the construction company’s stock worth $2,924,000 after acquiring an additional 15,213 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Winnebago Industries by 7.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the construction company’s stock worth $695,000 after acquiring an additional 900 shares during the period. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Winnebago Industries in the 3rd quarter worth $3,002,000. Institutional investors own 83.25% of the company’s stock.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $387.12 million. During the same period last year, the firm posted $0.42 EPS. Winnebago Industries’s revenue for the quarter was up 83.4% on a year-over-year basis. equities analysts anticipate that Winnebago Industries will post 3.07 earnings per share for the current fiscal year.
Winnebago Industries announced that its board has approved 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 often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s dividend payout ratio (DPR) is presently 16.33%.
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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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