Winnebago Industries Inc. (WGO) Receives $31.50 Average PT from Brokerages
Winnebago Industries Inc. (NYSE:WGO) has been assigned a consensus rating of “Buy” from the eight research firms that are currently covering the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.50.
WGO has been the subject of a number of analyst reports. Sidoti initiated coverage on shares of Winnebago Industries in a report on Friday. They set a “buy” rating for the company. BMO Capital Markets lifted their price objective on shares of Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, October 4th. Robert W. Baird upgraded shares of Winnebago Industries from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $25.00 to $30.00 in a report on Monday, October 3rd. Finally, Zacks Investment Research cut shares of Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Victory Capital Management Inc. purchased a new position in Winnebago Industries during the third quarter worth $100,000. Mason Street Advisors LLC purchased a new position in Winnebago Industries during the second quarter worth $120,000. Municipal Employees Retirement System of Michigan raised its position in Winnebago Industries by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,970 shares of the company’s stock worth $141,000 after buying an additional 100 shares during the last quarter. SG Americas Securities LLC purchased a new position in Winnebago Industries during the third quarter worth $141,000. Finally, Hussman Strategic Advisors Inc. purchased a new position in Winnebago Industries during the second quarter worth $142,000. 91.55% of the stock is currently owned by institutional investors.
Winnebago Industries (NYSE:WGO) opened at 30.70 on Friday. Winnebago Industries has a 52 week low of $15.41 and a 52 week high of $30.85. The firm has a market cap of $825.86 million, a price-to-earnings ratio of 18.27 and a beta of 2.07. The company has a 50-day moving average of $27.42 and a 200-day moving average of $23.77.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. The business earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a net margin of 4.67% and a return on equity of 17.86%. The business’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. Equities research analysts forecast that Winnebago Industries will post $2.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, November 7th. Winnebago Industries’s payout ratio is currently 23.67%.
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.
Receive News & Stock Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related stocks with our FREE daily email newsletter.