Winnebago Industries (WGO) Trading Up 7.8%
Shares of Winnebago Industries, Inc. (NYSE:WGO) were up 7.8% on Tuesday . The company traded as high as $54.90 and last traded at $54.60. Approximately 1,104,062 shares were traded during trading, an increase of 116% from the average daily volume of 510,815 shares. The stock had previously closed at $50.65.
A number of analysts have weighed in on WGO shares. Zacks Investment Research lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday, August 30th. Robert W. Baird upped their target price on Winnebago Industries from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, November 3rd. Stifel Nicolaus lowered Winnebago Industries from a “buy” rating to a “hold” rating and upped their target price for the stock from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $34.00 target price on shares of Winnebago Industries in a report on Friday, October 13th. Finally, SunTrust Banks reiterated a “hold” rating and set 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. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.17.
The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.88. The firm has a market cap of $1,736.66, a price-to-earnings ratio of 18.57 and a beta of 2.03.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, October 19th. The construction company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. Winnebago Industries had a return on equity of 21.92% and a net margin of 4.61%. The firm had revenue of $454.90 million during the quarter, compared to analyst estimates of $444.50 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 72.8% compared to the same quarter last year. equities research analysts predict that Winnebago Industries, Inc. will post 2.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 0.73%. Winnebago Industries’s dividend payout ratio is presently 17.39%.
Winnebago Industries declared that its board has initiated a stock repurchase plan on Thursday, October 19th that permits the company to repurchase $70.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Griffin Asset Management Inc. acquired a new position in shares of Winnebago Industries in the 3rd quarter valued at $3,002,000. California Public Employees Retirement System increased its position in shares of Winnebago Industries by 3.6% in the 3rd quarter. California Public Employees Retirement System now owns 94,300 shares of the construction company’s stock valued at $4,220,000 after acquiring an additional 3,300 shares during the period. Janney Capital Management LLC increased its position in shares of Winnebago Industries by 46.2% in the 3rd quarter. Janney Capital Management LLC now owns 10,122 shares of the construction company’s stock valued at $452,000 after acquiring an additional 3,198 shares during the period. Engineers Gate Manager LP increased its position in shares of Winnebago Industries by 206.0% in the 3rd quarter. Engineers Gate Manager LP now owns 74,210 shares of the construction company’s stock valued at $3,321,000 after acquiring an additional 49,960 shares during the period. Finally, Bluestein R H & Co. increased its position in shares of Winnebago Industries by 50.0% in the 3rd quarter. Bluestein R H & Co. now owns 9,000 shares of the construction company’s stock valued at $403,000 after acquiring an additional 3,000 shares during the period. 83.05% of the stock is currently owned by hedge funds and other 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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