Winnebago Industries (WGO) Upgraded to “Buy” at ValuEngine
ValuEngine upgraded shares of Winnebago Industries (NYSE:WGO) from a hold rating to a buy rating in a report released on Friday.
Several other brokerages also recently commented on WGO. Zacks Investment Research raised Winnebago Industries from a hold rating to a buy rating and set a $65.00 price target on the stock in a research report on Tuesday, December 19th. Robert W. Baird lifted their price target on Winnebago Industries from $48.00 to $52.00 and gave the stock an outperform rating in a research report on Friday, November 3rd. SunTrust Banks reaffirmed a hold rating and issued a $52.00 price target on shares of Winnebago Industries in a research report on Thursday, December 21st. Stifel Nicolaus reaffirmed a hold rating and issued a $53.00 price target (up from $45.00) on shares of Winnebago Industries in a research report on Thursday, December 21st. Finally, BMO Capital Markets lifted their price target on Winnebago Industries to $51.00 and gave the stock a market perform rating in a research report on Monday, October 23rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $52.17.
Winnebago Industries (NYSE WGO) opened at $42.75 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.88 and a debt-to-equity ratio of 0.59. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65. The firm has a market capitalization of $1,360.00, a P/E ratio of 17.52 and a beta of 1.79.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, January 9th. Winnebago Industries’s dividend payout ratio is currently 16.39%.
Winnebago Industries declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Pinebridge Investments L.P. increased its position in shares of Winnebago Industries by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 3,496 shares of the construction company’s stock valued at $123,000 after purchasing an additional 35 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Winnebago Industries by 7.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the construction company’s stock valued at $695,000 after purchasing an additional 900 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Winnebago Industries by 6.1% during the second quarter. Thrivent Financial For Lutherans now owns 15,940 shares of the construction company’s stock valued at $558,000 after purchasing an additional 920 shares during the period. Voya Investment Management LLC increased its position in shares of Winnebago Industries by 8.6% during the second quarter. Voya Investment Management LLC now owns 14,717 shares of the construction company’s stock valued at $515,000 after purchasing an additional 1,166 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Winnebago Industries by 3.2% during the second quarter. Alliancebernstein L.P. now owns 38,246 shares of the construction company’s stock valued at $1,339,000 after purchasing an additional 1,200 shares during the period. 84.58% of the stock is currently 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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