Zacks Investment Research cut shares of Winnebago Industries (NYSE:WGO) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Winnebago has been focusing to increase its production of Class A gas and Class C motorhomes by building new facilities, which will lead to a rise in product demand, in future. The company’ shares repurchase programs and frequent dividend payments will boost its shareholders’ value. Moreover, in the last three months, its shares have outperformed in the industry it belongs to. However, the company’s debt of $309 million for the acquisition of Grand Design is hampering its liquidity. Further, Winnebago’s challenging Motorized segment and its repurchase agreement to purchase vehicles at a reduced price in case of any default by the dealer are few other problems the company is facing.”

Other equities research analysts have also issued research reports about the company. BMO Capital Markets restated a hold rating and set a $34.00 target price on shares of Winnebago Industries in a research report on Friday, September 1st. ValuEngine upgraded Winnebago Industries from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Robert W. Baird restated an outperform rating and set a $48.00 target price (up previously from $38.00) on shares of Winnebago Industries in a research report on Friday, October 20th. BidaskClub lowered Winnebago Industries from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Finally, SunTrust Banks restated a hold rating and set a $45.00 target price on shares of Winnebago Industries in a research report on Friday, October 20th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $46.17.

Shares of Winnebago Industries (NYSE WGO) opened at $56.30 on Tuesday. The firm has a market capitalization of $1,688.95, a PE ratio of 18.06 and a beta of 2.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.88 and a quick ratio of 1.03. Winnebago Industries has a one year low of $24.15 and a one year high of $56.45.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, October 19th. The construction company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.09. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The company had revenue of $454.90 million during the quarter, compared to analysts’ expectations of $444.50 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 72.8% on a year-over-year basis. sell-side analysts expect that Winnebago Industries will post 2.88 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. Winnebago Industries’s payout ratio is 17.39%.

Winnebago Industries announced that its Board of Directors has approved a stock repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Large investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Winnebago Industries in the second quarter worth approximately $107,000. Pinebridge Investments L.P. boosted its holdings in Winnebago Industries by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock worth $123,000 after acquiring an additional 35 shares in the last quarter. NEXT Financial Group Inc bought a new position in Winnebago Industries in the third quarter worth approximately $124,000. Victory Capital Management Inc. boosted its holdings in Winnebago Industries by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,582 shares of the construction company’s stock worth $125,000 after acquiring an additional 536 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in Winnebago Industries in the second quarter worth approximately $201,000. Institutional investors and hedge funds own 82.99% of the company’s stock.

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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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