Winnebago Industries, Inc. (WGO) Receives Average Recommendation of “Buy” from Brokerages
Winnebago Industries, Inc. (NYSE:WGO) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.20.
Several equities research analysts recently issued reports on the company. BidaskClub lowered Winnebago Industries from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine raised Winnebago Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $34.00 target price (up from $29.00) on shares of Winnebago Industries in a research report on Thursday, June 22nd. Zacks Investment Research lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus assumed coverage on Winnebago Industries in a research report on Thursday, July 6th. They issued a “buy” rating and a $40.00 target price on the stock.
Winnebago Industries (NYSE:WGO) opened at 40.05 on Friday. The stock has a 50 day moving average of $35.99 and a 200-day moving average of $31.38. The firm has a market capitalization of $1.27 billion, a PE ratio of 20.00 and a beta of 1.97. Winnebago Industries has a one year low of $22.11 and a one year high of $40.45.
Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 21st. The construction company reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.22. The business had revenue of $476.40 million for 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 business’s revenue was up 75.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, equities analysts predict that Winnebago Industries will post $2.23 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in WGO. SG Americas Securities LLC bought a new position in shares of Winnebago Industries in the second quarter worth $107,000. Pinebridge Investments L.P. grew its stake in shares of 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 purchasing an additional 35 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of 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 purchasing an additional 536 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Winnebago Industries by 33.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,689 shares of the construction company’s stock worth $137,000 after purchasing an additional 1,165 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of Winnebago Industries by 7.3% in the first quarter. Mason Street Advisors LLC now owns 6,204 shares of the construction company’s stock worth $181,000 after purchasing an additional 424 shares in the last quarter. 85.27% of the stock is owned by 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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