Shares of Winnebago Industries, Inc. (NYSE:WGO – Get Rating) have been assigned a consensus “Buy” recommendation by all ten research firms that cover the company, Marketbeat reports. Four investment analysts rated the stock with a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among brokerages that have covered the stock over the past year is $70.57.
Several equity research analysts have recently commented on the company. DA Davidson reduced his price target on Winnebago Industries from $60.00 to $54.00 in a Monday, October 24 research note. MKM Partners cut its price target on Winnebago Industries shares to $53.00 in a Thursday, October 20 research report. Citigroup raised its price target on shares of Winnebago Industries to $68.00 in a Friday, September 30 research note. Finally, StockNews.com upgraded Winnebago Industries shares from a “hold” rating to a “buy” rating in a Thursday, October 20 research note.
Winnebago Industries Price Performance
NYSE: WGO opened at $57.55 on Friday. The company has a market capitalization of $1.75 billion, a price-earnings ratio of 4.89 and a beta of 1.60. Winnebago Industries has a 52-week low of $43.05 and a 52-week high of $78.88. The stock has a fifty-day moving average of $56.68 and a 200-day moving average of $55.15. The company has a debt ratio of 0.43, a quick ratio of 1.09 and a current ratio of 2.10.
Winnebago Industries (NYSE:WGO – Get Rating) last reported results on Wednesday, October 19. The construction company reported earnings per share (EPS) of $3.02 for the quarter, beating the consensus estimate of $3.00 by $0.02. Winnebago Industries had a return on equity of 37.44% and a net margin of 7.88%. The company posted revenue of $1.18 billion for the quarter, versus $1.11 billion for analysts. During the same period last year, the company made earnings per share of $2.57. Winnebago Industries quarterly revenue increased 13.8% year over year. On average, research analysts expect Winnebago Industries to post EPS of 7.49 for the current fiscal year.
Winnebago Industries increases its dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 28. Investors of record on Wednesday, September 14 received a dividend of $0.27. This represents a dividend of $1.08 on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Tuesday, September 13. This is a positive change from Winnebago Industries’ previous quarterly dividend of $0.18. Winnebago Industries’ payout rate is 9.18%.
Hedge funds weigh on Winnebago Industries
Institutional investors and hedge funds have recently been buying and selling stocks. Millennium Management LLC increased its position in Winnebago Industries shares by 6,157.2% in the second quarter. Millennium Management LLC now owns 834,832 shares of the construction company worth $40,539,000 after purchasing an additional 821,490 shares last quarter. Vanguard Group Inc. increased its stake in Winnebago Industries by 13.7% during the first quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company valued at $151,689,000 after purchasing an additional 338,099 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Winnebago Industries by 395.3% during the second quarter. Cubist Systematic Strategies LLC now owns 409,444 shares of the construction company valued at $19,883,000 after purchasing an additional 326,780 shares in the last quarter. Cooke & Bieler LP increased its stake in shares of Winnebago Industries by 13.2% in the second quarter. Cooke & Bieler LP now owns 2,371,057 shares of the construction company worth $115,139,000 after acquiring an additional 276,970 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Winnebago Industries in the second quarter at a value of $8,367,000. Institutional investors hold 97.78% of the company’s shares.
About Winnebago Industries
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Winnebago Industries, Inc. manufactures and sells recreational vehicles and marine products primarily for leisure travel and outdoor recreational activities. The Company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine and Winnebago Specialty Vehicles.
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