Winnebago Industries (WGO) Earns “Hold” Rating from SunTrust Banks
SunTrust Banks restated their hold rating on shares of Winnebago Industries (NYSE:WGO) in a research note released on Thursday. They currently have a $52.00 price target on the construction company’s stock. SunTrust Banks also issued estimates for Winnebago Industries’ Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.89 EPS, FY2018 earnings at $3.02 EPS and FY2019 earnings at $3.45 EPS.
Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Winnebago Industries from a buy rating to a hold rating in a report on Wednesday. BMO Capital Markets reissued a hold rating and issued a $34.00 target price on shares of Winnebago Industries in a report on Friday, September 1st. Stifel Nicolaus reissued a hold rating and issued a $53.00 target price (up from $45.00) on shares of Winnebago Industries in a report on Thursday. Robert W. Baird reissued an outperform rating and issued a $60.00 target price (up from $52.00) on shares of Winnebago Industries in a report on Thursday. Finally, ValuEngine raised Winnebago Industries from a buy rating to a strong-buy rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Winnebago Industries presently has an average rating of Buy and a consensus target price of $52.17.
Shares of Winnebago Industries (WGO) opened at $56.45 on Thursday. The stock has a market capitalization of $1,782.24, a PE ratio of 23.04 and a beta of 2.06. 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 has a fifty-two week low of $24.15 and a fifty-two week high of $58.65.
Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The company had revenue of $450.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.42 EPS. sell-side analysts predict that Winnebago Industries will post 2.96 earnings per share for the current fiscal year.
Winnebago Industries announced that its board has authorized a stock buyback plan on Thursday, October 19th that permits the company to repurchase $70.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, January 9th. Winnebago Industries’s payout ratio is currently 16.33%.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Winnebago Industries by 6.5% in the 2nd quarter. BlackRock Inc. now owns 3,426,574 shares of the construction company’s stock valued at $119,930,000 after purchasing an additional 210,269 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Winnebago Industries by 1.0% during the 3rd 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 during the last quarter. Vanguard Group Inc. raised its stake in Winnebago Industries by 6.7% during the 2nd 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 during the last quarter. Kennedy Capital Management Inc. raised its stake in Winnebago Industries by 9.5% during the 2nd 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 during the last quarter. Finally, Franklin Resources Inc. raised its stake in Winnebago Industries by 1.4% during the 2nd 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 during the last quarter. 82.85% of the stock is owned by institutional investors and hedge funds.
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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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