Stifel Nicolaus restated their hold rating on shares of Winnebago Industries (NYSE:WGO) in a research note issued to investors on Thursday, Marketbeat Ratings reports. Stifel Nicolaus currently has a $53.00 target price on the construction company’s stock, up from their prior target price of $45.00.

Several other analysts have also commented on WGO. Zacks Investment Research lowered Winnebago Industries from a hold rating to a sell rating in a report on Wednesday, August 30th. BMO Capital Markets reissued a hold rating and issued a $34.00 price objective on shares of Winnebago Industries in a report on Friday, September 1st. ValuEngine raised Winnebago Industries from a buy rating to a strong-buy rating in a report on Friday, September 1st. Robert W. Baird reissued a buy rating on shares of Winnebago Industries in a report on Thursday, September 28th. Finally, SunTrust Banks reissued a hold rating and issued a $45.00 price objective on shares of Winnebago Industries in a report on Friday, October 20th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $52.17.

Shares of Winnebago Industries (WGO) opened at $56.45 on Thursday. The company has a market capitalization of $1,782.24, a PE ratio of 23.04 and a beta of 2.06. Winnebago Industries has a 1-year low of $24.15 and a 1-year high of $58.65. The company has a current ratio of 1.88, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. The firm had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. Winnebago Industries’s revenue for the quarter was up 83.4% compared to the same quarter last year. During the same period last year, the company earned $0.42 earnings per share. analysts predict that Winnebago Industries will post 2.96 EPS for the current year.

Winnebago Industries announced that its Board of Directors has approved a stock repurchase plan on Thursday, October 19th that allows the company to repurchase $70.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s payout ratio is currently 16.33%.

A number of institutional investors and hedge funds have recently modified their holdings of WGO. BlackRock Inc. lifted its position in shares of 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 lifted its position in shares of Winnebago Industries by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,864,305 shares of the construction company’s stock valued at $83,427,000 after acquiring an additional 18,016 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of 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. Kennedy Capital Management Inc. lifted its position in shares of 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. Finally, Franklin Resources Inc. lifted its position in shares of Winnebago Industries by 1.4% in the second quarter. Franklin Resources Inc. now owns 978,429 shares of the construction company’s stock valued at $34,245,000 after acquiring an additional 13,940 shares in the last quarter. 82.85% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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