Winnebago Industries, Inc. (WGO) Price Target Raised to $52.00 at Robert W. Baird
Winnebago Industries, Inc. (NYSE:WGO) had its price target upped by Robert W. Baird from $48.00 to $52.00 in a report released on Friday morning. The brokerage currently has an outperform rating on the construction company’s stock.
A number of other research analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of Winnebago Industries to $51.00 and gave the company a market perform rating in a research note on Monday, October 23rd. SunTrust Banks, Inc. reaffirmed a hold rating and set a $45.00 price objective on shares of Winnebago Industries in a research note on Friday, October 20th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Winnebago Industries from a hold rating to a strong-buy rating and set a $53.00 price objective for the company in a research note on Thursday, October 5th. Stifel Nicolaus downgraded shares of Winnebago Industries from a buy rating to a hold rating and increased their target price for the stock from $40.00 to $44.00 in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. Finally, ValuEngine downgraded shares of Winnebago Industries from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Winnebago Industries has an average rating of Buy and an average target price of $45.29.
Winnebago Industries (WGO) traded down $0.60 during midday trading on Friday, hitting $49.05. 495,500 shares of the stock were exchanged, compared to its average volume of 702,796. Winnebago Industries has a one year low of $24.15 and a one year high of $49.90. 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 firm has a market cap of $1.56 billion, a P/E ratio of 16.33 and a beta of 2.02.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. Winnebago Industries had a net margin of 4.61% and a return on equity of 21.92%. The company had revenue of $454.90 million during the quarter, compared to the consensus estimate of $444.50 million. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was up 72.8% compared to the same quarter last year. analysts expect that Winnebago Industries will post 2.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, November 14th. Winnebago Industries’s dividend payout ratio (DPR) is presently 17.39%.
Winnebago Industries announced that its board has initiated a share buyback program on Thursday, October 19th that allows the company to buyback $70.00 million in shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Winnebago Industries by 6.5% in the second quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after acquiring an additional 210,269 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Winnebago Industries by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,846,289 shares of the construction company’s stock valued at $64,620,000 after acquiring an additional 157,772 shares in the last quarter. Vanguard Group Inc. grew its position in Winnebago Industries by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,567,654 shares of the construction company’s stock valued at $54,868,000 after acquiring an additional 97,867 shares in the last quarter. Cooke & Bieler LP grew its position in Winnebago Industries by 2.4% in the second quarter. Cooke & Bieler LP now owns 1,554,738 shares of the construction company’s stock valued at $54,416,000 after acquiring an additional 36,376 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in Winnebago Industries by 9.5% in the second quarter. Kennedy Capital Management Inc. now owns 1,180,893 shares of the construction company’s stock valued at $41,331,000 after acquiring an additional 102,001 shares in the last quarter. 84.84% of the stock is owned by hedge funds and other institutional investors.
About Winnebago Industries
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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