Winnebago Industries (WGO) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Winnebago Industries (NYSE:WGO) from a buy rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “Winnebago’s higher volume sales, a positive product mix and inclusion of Grand Design RV’s revenues have helped the company’s towable business drive its revenues. The towable business’ consistent strong growth has enabled the company’s revenues to surge 83.5% in comparison to the prior-year quarter’s tally. It is also focusing to enhance the quality of its motorhomes as well as to expand its business. Also, in order to enhance shareholder value, Winnebago engages in frequent share repurchase programs.”

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $50.00 target price on Winnebago Industries and gave the stock a hold rating in a research note on Friday, February 9th. ValuEngine raised Winnebago Industries from a hold rating to a buy rating in a research note on Friday, February 2nd. Robert W. Baird reissued an outperform rating and set a $60.00 target price (up previously from $52.00) on shares of Winnebago Industries in a research note on Thursday, December 21st. SunTrust Banks reissued a hold rating and set a $52.00 target price on shares of Winnebago Industries in a research note on Thursday, December 21st. Finally, Northcoast Research cut Winnebago Industries from a buy rating to a neutral rating in a research note on Friday, January 26th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Winnebago Industries currently has an average rating of Buy and a consensus price target of $51.67.

Shares of Winnebago Industries (NYSE:WGO) opened at $41.35 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.88. The stock has a market capitalization of $1,339.05, a price-to-earnings ratio of 14.54 and a beta of 1.79. Winnebago Industries has a one year low of $24.15 and a one year high of $58.65.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, December 20th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $387.12 million. Winnebago Industries had a return on equity of 21.47% and a net margin of 4.43%. The firm’s quarterly revenue was up 83.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. equities analysts expect that Winnebago Industries will post 3.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th were paid a $0.10 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.97%. Winnebago Industries’s payout ratio is presently 16.33%.

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Timucuan Asset Management Inc. FL acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at $67,768,000. Hennessy Advisors Inc. grew its stake in shares of Winnebago Industries by 550.7% in the fourth quarter. Hennessy Advisors Inc. now owns 747,600 shares of the construction company’s stock valued at $41,567,000 after buying an additional 632,700 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Winnebago Industries by 794.8% in the third quarter. JPMorgan Chase & Co. now owns 525,726 shares of the construction company’s stock valued at $23,395,000 after buying an additional 466,975 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Winnebago Industries by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 865,161 shares of the construction company’s stock valued at $48,103,000 after buying an additional 235,594 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Winnebago Industries by 5.6% in the fourth quarter. BlackRock Inc. now owns 3,849,851 shares of the construction company’s stock valued at $214,052,000 after buying an additional 203,116 shares in the last quarter. 78.57% of the stock is owned by institutional investors and hedge funds.

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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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