BMO Capital Markets Reaffirms “Hold” Rating for Winnebago Industries, Inc. (WGO)
Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Winnebago Industries from a strong-buy rating to a buy rating in a research report on Wednesday, July 12th. Stifel Nicolaus began coverage on shares of Winnebago Industries in a research report on Thursday, July 6th. They set a buy rating and a $40.00 price target for the company. Finally, Zacks Investment Research cut shares of Winnebago Industries from a hold rating to a sell rating in a research report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $34.83.
Winnebago Industries (NYSE WGO) opened at 36.20 on Friday. The company has a market capitalization of $1.14 billion, a PE ratio of 18.08 and a beta of 1.97. The stock has a 50 day moving average of $35.34 and a 200 day moving average of $31.13. Winnebago Industries has a 12-month low of $22.11 and a 12-month high of $39.30.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.72 by $0.22. Winnebago Industries had a net margin of 4.39% and a return on equity of 20.01%. The company had revenue of $476.40 million during the quarter, compared to analysts’ expectations of $440.94 million. During the same quarter in the previous year, the company earned $0.53 EPS. Winnebago Industries’s revenue was up 75.1% on a year-over-year basis. On average, equities research analysts predict that Winnebago Industries will post $2.23 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank grew its holdings in Winnebago Industries by 50.0% during the second quarter. Toronto Dominion Bank now owns 15,000 shares of the construction company’s stock valued at $526,000 after purchasing an additional 5,000 shares during the period. Piedmont Investment Advisors LLC acquired a new position in Winnebago Industries during the second quarter valued at approximately $201,000. California State Teachers Retirement System grew its holdings in Winnebago Industries by 5.7% during the second quarter. California State Teachers Retirement System now owns 55,809 shares of the construction company’s stock valued at $1,953,000 after purchasing an additional 3,000 shares during the period. Walthausen & Co. LLC grew its holdings in Winnebago Industries by 62.3% during the second quarter. Walthausen & Co. LLC now owns 597,839 shares of the construction company’s stock valued at $20,924,000 after purchasing an additional 229,451 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Winnebago Industries during the second quarter valued at approximately $326,000. Hedge funds and other institutional investors own 85.27% 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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