Winnebago Industries, Inc. (NYSE:WGO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The brokerage presently has a $33.00 target price on the construction company’s stock. Zacks Investment Research’s price target indicates a potential upside of 25.71% from the stock’s previous close.
According to Zacks, “Winnebago’s second-quarter fiscal 2017 earnings and revenues increased year over year and beat the respective Zacks Consensus Estimate. The company benefitted from the acquisition of towable recreation vehicles producer, Grand Design and is expected to continue to do so. Moreover, Winnebago is positioned to benefit from growing new motorhome market traction, focus on business expansion and quality improvement. Management also expects to benefit from better performance of the towables business, driven by product launches, expansion of its dealer network and improved productivity. “
A number of other research firms also recently commented on WGO. BMO Capital Markets reaffirmed a “market perform” rating and issued a $29.00 price target (down previously from $40.00) on shares of Winnebago Industries in a research note on Friday, March 10th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, March 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Winnebago Industries currently has an average rating of “Buy” and a consensus price target of $33.00.
Winnebago Industries (NYSE:WGO) traded up 0.57% during midday trading on Friday, reaching $26.25. 327,334 shares of the company were exchanged. Winnebago Industries has a one year low of $20.19 and a one year high of $39.30. The firm has a market cap of $829.13 million, a P/E ratio of 13.64 and a beta of 1.95. The firm’s 50-day moving average is $28.86 and its 200-day moving average is $31.03.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, March 22nd. The construction company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. The business earned $370.50 million during the quarter, compared to the consensus estimate of $345.19 million. Winnebago Industries had a return on equity of 18.27% and a net margin of 4.84%. Winnebago Industries’s revenue for the quarter was up 64.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, equities analysts expect that Winnebago Industries will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Monday, April 10th. Winnebago Industries’s dividend payout ratio (DPR) is presently 22.35%.
In other Winnebago Industries news, Director Richard D. Moss bought 1,500 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were purchased at an average price of $30.74 per share, for a total transaction of $46,110.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $30,740. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David W. Miles bought 2,000 shares of the firm’s stock in a transaction on Tuesday, April 11th. The stock was acquired at an average price of $25.65 per share, for a total transaction of $51,300.00. Following the transaction, the director now owns 3,600 shares of the company’s stock, valued at $92,340. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 8,278 shares of company stock valued at $224,603. 1.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan boosted its position in Winnebago Industries by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,970 shares of the construction company’s stock worth $141,000 after buying an additional 100 shares in the last quarter. Aperio Group LLC boosted its position in Winnebago Industries by 0.7% in the third quarter. Aperio Group LLC now owns 16,408 shares of the construction company’s stock worth $387,000 after buying an additional 120 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Winnebago Industries by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the construction company’s stock worth $316,000 after buying an additional 200 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Winnebago Industries by 2.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,180 shares of the construction company’s stock worth $449,000 after buying an additional 350 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Winnebago Industries by 1.7% in the third quarter. Anchor Capital Advisors LLC now owns 35,177 shares of the construction company’s stock worth $829,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 83.36% of the company’s stock.
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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