Winnebago Industries, Inc. (NYSE:WGO) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $45.29.
Several research firms recently issued reports on WGO. Robert W. Baird upped their price objective on Winnebago Industries from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. BidaskClub lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. BMO Capital Markets increased their price target on Winnebago Industries to $51.00 and gave the stock a “market perform” rating in a research note on Monday, October 23rd. Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and increased their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, ValuEngine upgraded Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st.
Shares of Winnebago Industries (NYSE WGO) traded up $0.20 during trading hours on Monday, reaching $48.20. The company had a trading volume of 499,359 shares, compared to its average volume of 514,718. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88. The stock has a market cap of $1,506.06, a P/E ratio of 16.10 and a beta of 2.03. Winnebago Industries has a 52 week low of $24.15 and a 52 week high of $49.90.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $444.50 million. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm’s quarterly revenue was up 72.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. equities research analysts anticipate that Winnebago Industries will post 2.88 earnings per share for the current fiscal year.
Winnebago Industries declared that its Board of Directors has initiated a stock buyback plan on Thursday, October 19th that allows the company to buyback $70.00 million in outstanding shares. This buyback authorization allows the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s dividend payout ratio is presently 17.39%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. grew its holdings 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. Anchor Capital Advisors LLC grew its holdings in shares of Winnebago Industries by 0.4% during the second quarter. Anchor Capital Advisors LLC now owns 34,239 shares of the construction company’s stock valued at $1,198,000 after buying an additional 150 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Winnebago Industries by 0.8% during the second quarter. Texas Permanent School Fund now owns 19,371 shares of the construction company’s stock valued at $678,000 after buying an additional 163 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Winnebago Industries by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock valued at $125,000 after buying an additional 536 shares during the last quarter. Finally, Aperio Group LLC grew its holdings in shares of Winnebago Industries by 3.6% during the second quarter. Aperio Group LLC now owns 16,825 shares of the construction company’s stock valued at $589,000 after buying an additional 589 shares during the last quarter. 85.44% of the stock is currently owned by hedge funds and other institutional investors.
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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