SunTrust Banks reiterated their hold rating on shares of Winnebago Industries (NYSE:WGO) in a research note issued to investors on Thursday, December 21st. They currently have a $52.00 target price 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.
A number of other equities analysts have also issued reports on WGO. Zacks Investment Research lowered shares of Winnebago Industries from a hold rating to a sell rating in a research report on Wednesday, August 30th. BMO Capital Markets reissued a hold rating and issued a $34.00 price target on shares of Winnebago Industries in a report on Friday, September 1st. ValuEngine raised shares of 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, Stifel Nicolaus lowered shares of Winnebago Industries from a buy rating to a hold rating and boosted their price target for the company from $40.00 to $44.00 in a report on Tuesday, October 3rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $52.17.
Shares of Winnebago Industries (NYSE WGO) opened at $55.80 on Thursday. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65. The stock has a market cap of $1,770.00, a P/E ratio of 22.87 and a beta of 2.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.88 and a quick ratio of 1.03.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 20th. The construction company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. Winnebago Industries had a net margin of 4.43% and a return on equity of 21.47%. The company had revenue of $450.00 million for the quarter, compared to analyst estimates of $387.12 million. During the same quarter last year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was up 83.4% compared to the same quarter last year. equities research analysts predict that Winnebago Industries will post 3.07 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.40 annualized dividend and a yield of 0.72%. Winnebago Industries’s dividend payout ratio (DPR) is 16.39%.
Winnebago Industries declared that its Board of Directors has initiated a stock buyback program on Thursday, October 19th that authorizes the company to buyback $70.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds and other institutional investors have recently modified their holdings of WGO. Teachers Advisors LLC lifted its position in Winnebago Industries by 3.5% during the 1st quarter. Teachers Advisors LLC now owns 44,895 shares of the construction company’s stock worth $1,313,000 after buying an additional 1,519 shares in the last quarter. Aperio Group LLC lifted its position in Winnebago Industries by 3.6% during the 2nd quarter. Aperio Group LLC now owns 16,825 shares of the construction company’s stock worth $589,000 after buying an additional 589 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Winnebago Industries by 57.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 37,351 shares of the construction company’s stock worth $1,307,000 after buying an additional 13,675 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Winnebago Industries by 53.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,200 shares of the construction company’s stock worth $322,000 after purchasing an additional 3,220 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in Winnebago Industries by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 19,371 shares of the construction company’s stock worth $678,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds own 83.25% of the company’s stock.
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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.
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