Northcoast Research Begins Coverage on Winnebago Industries (NYSE:WGO)

Investment analysts at Northcoast Research started coverage on shares of Winnebago Industries (NYSE:WGO) in a research report issued on Friday, The Fly reports. The firm set a “buy” rating and a $47.00 price target on the construction company’s stock. Northcoast Research’s target price would suggest a potential upside of 28.24% from the stock’s previous close.

WGO has been the topic of several other reports. ValuEngine downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Winnebago Industries in a report on Thursday, March 28th. They set a “hold” rating and a $31.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Winnebago Industries currently has a consensus rating of “Buy” and a consensus target price of $39.33.

Shares of NYSE WGO traded up $0.42 during mid-day trading on Friday, hitting $36.65. 2,298 shares of the company’s stock traded hands, compared to its average volume of 364,179. The company has a current ratio of 1.82, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 0.47 and a beta of 1.51. Winnebago Industries has a 1 year low of $19.77 and a 1 year high of $47.76.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Monday, March 25th. The construction company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.56 by $0.12. The company had revenue of $432.70 million for the quarter, compared to the consensus estimate of $443.05 million. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The firm’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, equities analysts predict that Winnebago Industries will post 3.45 EPS for the current fiscal year.

In related news, CEO Michael J. Happe bought 3,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were acquired at an average cost of $29.19 per share, for a total transaction of $102,165.00. Following the purchase, the chief executive officer now directly owns 56,671 shares of the company’s stock, valued at $1,654,226.49. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bryan L. Hughes bought 2,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of $29.58 per share, for a total transaction of $73,950.00. Following the completion of the purchase, the chief financial officer now directly owns 19,288 shares in the company, valued at $570,539.04. The disclosure for this purchase can be found here. 3.57% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of WGO. BlackRock Inc. boosted its stake in shares of Winnebago Industries by 2.4% during the first quarter. BlackRock Inc. now owns 4,338,572 shares of the construction company’s stock valued at $135,148,000 after purchasing an additional 101,018 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Winnebago Industries by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,194,967 shares of the construction company’s stock valued at $68,373,000 after purchasing an additional 89,082 shares in the last quarter. LSV Asset Management boosted its stake in shares of Winnebago Industries by 0.8% during the fourth quarter. LSV Asset Management now owns 1,642,100 shares of the construction company’s stock valued at $39,755,000 after purchasing an additional 12,400 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Winnebago Industries by 57.8% during the fourth quarter. Royce & Associates LP now owns 1,344,032 shares of the construction company’s stock valued at $32,539,000 after purchasing an additional 492,536 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Winnebago Industries during the first quarter valued at approximately $36,898,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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