Winnebago Industries, Inc. (NYSE:WGO) Downgraded by BidaskClub
BidaskClub cut shares of Winnebago Industries, Inc. (NYSE:WGO) from a strong-buy rating to a buy rating in a report published on Thursday morning.
WGO has been the subject of several other reports. Stifel Nicolaus began coverage on Winnebago Industries in a research note on Thursday, July 6th. They issued a buy rating and a $40.00 price objective for the company. CL King began coverage on Winnebago Industries in a research note on Monday, April 24th. They issued a buy rating and a $32.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a market perform rating and issued a $34.00 price objective (up from $29.00) on shares of Winnebago Industries in a research note on Thursday, June 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $34.83.
Winnebago Industries (NYSE:WGO) opened at 36.35 on Thursday. The firm has a 50-day moving average price of $33.65 and a 200-day moving average price of $30.56. The stock has a market capitalization of $1.15 billion, a PE ratio of 18.16 and a beta of 1.97. Winnebago Industries has a 52 week low of $22.11 and a 52 week high of $39.30.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.22. The business had revenue of $476.40 million during the quarter, compared to analyst estimates of $440.94 million. Winnebago Industries had a return on equity of 20.01% and a net margin of 4.39%. The company’s revenue for the quarter was up 75.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Equities research analysts predict that Winnebago Industries will post $2.23 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Wednesday, July 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. Winnebago Industries’s payout ratio is 20.00%.
In other Winnebago Industries news, Director Christopher J. Braun purchased 5,000 shares of Winnebago Industries stock in a transaction dated Friday, May 12th. The shares were purchased at an average cost of $27.72 per share, for a total transaction of $138,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Hillcrest Asset Management LLC increased its stake in shares of Winnebago Industries by 7.9% in the first quarter. Hillcrest Asset Management LLC now owns 313,632 shares of the construction company’s stock valued at $9,174,000 after buying an additional 22,949 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Winnebago Industries during the first quarter valued at $3,428,000. Whittier Trust Co. increased its stake in shares of Winnebago Industries by 4.8% in the first quarter. Whittier Trust Co. now owns 30,113 shares of the construction company’s stock valued at $881,000 after buying an additional 1,371 shares during the last quarter. James Investment Research Inc. acquired a new stake in shares of Winnebago Industries during the first quarter valued at $1,712,000. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in shares of Winnebago Industries during the first quarter valued at $207,000. Hedge funds and other institutional investors own 77.40% 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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