Winnebago Industries, Inc. (NYSE:WGO) dropped 10.1% during mid-day trading on Wednesday . The stock traded as low as $22.80 and last traded at $23.05. Approximately 1,314,518 shares were traded during mid-day trading, an increase of 180% from the average daily volume of 468,950 shares. The stock had previously closed at $25.63.
WGO has been the topic of several research reports. Northcoast Research reaffirmed a “buy” rating on shares of Winnebago Industries in a report on Friday, August 17th. Zacks Investment Research raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Monday, September 10th. Robert W. Baird reduced their target price on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, October 18th. Finally, ValuEngine cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.60.
The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $798.14 million, a PE ratio of 7.32 and a beta of 1.62.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, October 17th. The construction company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.03. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The firm had revenue of $536.20 million for the quarter, compared to analysts’ expectations of $498.30 million. During the same period in the previous year, the firm posted $0.79 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts predict that Winnebago Industries, Inc. will post 3.62 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of WGO. Itau Unibanco Holding S.A. bought a new stake in Winnebago Industries during the second quarter worth approximately $138,000. BlueMountain Capital Management LLC increased its stake in Winnebago Industries by 174.8% during the second quarter. BlueMountain Capital Management LLC now owns 3,886 shares of the construction company’s stock worth $158,000 after acquiring an additional 2,472 shares during the last quarter. Amalgamated Bank bought a new stake in Winnebago Industries during the second quarter worth approximately $204,000. Cambridge Investment Research Advisors Inc. bought a new stake in Winnebago Industries during the second quarter worth approximately $238,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Winnebago Industries during the second quarter worth approximately $247,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
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Winnebago Industries Company Profile (NYSE:WGO)
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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