Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus “Moderate Buy” Rating from Brokerages

0

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

(Get an evaluation)

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.

Featured articles

Analyst Recommendations for Winnebago Industries (NYSE: WGO)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Winnebago Industries, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Winnebago Industries was not on the list.

While Winnebago Industries currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Share.

Comments are closed.