Winnebago Industries’ (WGO) Hold Rating Reiterated at Stifel Nicolaus

Winnebago Industries (NYSE:WGO)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research note issued on Friday. They presently have a $50.00 target price on the construction company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 13.25% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. ValuEngine raised Winnebago Industries from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $52.00 price target on shares of Winnebago Industries in a report on Thursday, December 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $60.00 price target (up previously from $52.00) on shares of Winnebago Industries in a report on Thursday, December 21st. Finally, BMO Capital Markets upped their price target on Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a report on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.67.

Shares of Winnebago Industries (NYSE:WGO) traded up $1.30 during mid-day trading on Friday, hitting $44.15. The stock had a trading volume of 305,701 shares, compared to its average volume of 883,818. The firm has a market cap of $1,391.29, a PE ratio of 18.12 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 has a fifty-two week low of $24.15 and a fifty-two week high of $58.65.

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, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The company’s revenue for the quarter was up 83.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. research analysts expect that Winnebago Industries will post 3.05 EPS for the current year.

Winnebago Industries announced that its board has approved a stock buyback program on Thursday, October 19th that permits the company to buyback $70.00 million in shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in Winnebago Industries by 1.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 707,926 shares of the construction company’s stock worth $31,679,000 after buying an additional 10,975 shares in the last quarter. Edge Wealth Management LLC purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $278,000. JPMorgan Chase & Co. grew its position in shares of Winnebago Industries by 794.8% in the third quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after purchasing an additional 466,975 shares in the last quarter. Penserra Capital Management LLC grew its position in shares of Winnebago Industries by 476.6% in the third quarter. Penserra Capital Management LLC now owns 36,732 shares of the construction company’s stock valued at $1,643,000 after purchasing an additional 30,362 shares in the last quarter. Finally, Janney Capital Management LLC grew its position in shares of Winnebago Industries by 46.2% in the third quarter. Janney Capital Management LLC now owns 10,122 shares of the construction company’s stock valued at $452,000 after purchasing an additional 3,198 shares in the last quarter. Institutional investors own 84.43% 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.

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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