Winnebago Industries (WGO) Rating Increased to Buy at ValuEngine

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

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. SunTrust Banks reiterated a “hold” rating and set a $52.00 price objective on shares of Winnebago Industries in a research report on Thursday, December 21st. Robert W. Baird reiterated an “outperform” rating and set a $60.00 price objective (up previously from $52.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price objective (up previously from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Finally, BMO Capital Markets lifted their price objective on shares of Winnebago Industries to $51.00 and gave the company a “market perform” rating in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.17.

Shares of Winnebago Industries (WGO) opened at $42.75 on Friday. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65. The company has a market cap of $1,353.29, a P/E ratio of 14.69 and a beta of 1.79. 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 earnings results on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $387.12 million. During the same quarter last year, the business earned $0.42 EPS. The firm’s revenue was up 83.4% compared to the same quarter last year. equities analysts forecast that Winnebago Industries will post 3.05 earnings per share for the current year.

Winnebago Industries announced that its board has initiated a stock repurchase plan on Thursday, October 19th that authorizes the company to buyback $70.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in WGO. C M Bidwell & Associates Ltd. bought a new stake in shares of Winnebago Industries during the fourth quarter valued at approximately $120,000. Pinebridge Investments L.P. raised its position 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 buying an additional 35 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of Winnebago Industries during the third quarter valued at approximately $124,000. Piedmont Investment Advisors LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at $201,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Winnebago Industries in the fourth quarter valued at $207,000. Hedge funds and other institutional investors own 84.58% of the company’s stock.

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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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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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