Winnebago Industries (NYSE:WGO) Now Covered by Northcoast Research

Northcoast Research began coverage on shares of Winnebago Industries (NYSE:WGO) in a research report report published on Friday morning, Briefing.com Automated Import reports. The firm issued a buy rating and a $47.00 price target on the construction company’s stock.

Several other research firms have also issued reports on WGO. ValuEngine upgraded Winnebago Industries from a sell rating to a hold rating in a research report on Friday, April 19th. Zacks Investment Research upgraded Winnebago Industries from a sell rating to a hold rating in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Winnebago Industries presently has an average rating of Buy and an average target price of $39.33.

Winnebago Industries stock opened at $37.06 on Friday. The stock has a market cap of $1.18 billion, a PE ratio of 11.77, a P/E/G ratio of 0.49 and a beta of 1.51. Winnebago Industries has a 1 year low of $19.77 and a 1 year high of $47.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.82 and a quick ratio of 0.93.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Monday, March 25th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. The company had revenue of $432.70 million during the quarter, compared to analyst estimates of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Equities analysts forecast that Winnebago Industries will post 3.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, June 19th will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. Winnebago Industries’s dividend payout ratio is presently 13.97%.

In other Winnebago Industries news, CEO Michael J. Happe acquired 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average cost of $29.19 per share, for a total transaction of $102,165.00. Following the transaction, the chief executive officer now owns 56,671 shares of the company’s stock, valued at $1,654,226.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bryan L. Hughes acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was acquired at an average price of $29.58 per share, with a total value of $73,950.00. Following the completion of the transaction, the chief financial officer now directly owns 19,288 shares in the company, valued at approximately $570,539.04. The disclosure for this purchase can be found here. 3.57% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC lifted its stake in Winnebago Industries by 3.9% in the 1st quarter. Mason Street Advisors LLC now owns 9,360 shares of the construction company’s stock valued at $292,000 after acquiring an additional 349 shares in the last quarter. Comerica Bank lifted its stake in Winnebago Industries by 1.4% in the 4th quarter. Comerica Bank now owns 28,507 shares of the construction company’s stock valued at $843,000 after acquiring an additional 397 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Winnebago Industries by 27.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after acquiring an additional 428 shares in the last quarter. Rhumbline Advisers lifted its stake in Winnebago Industries by 0.5% in the 1st quarter. Rhumbline Advisers now owns 91,154 shares of the construction company’s stock valued at $2,839,000 after acquiring an additional 446 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Winnebago Industries by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 20,561 shares of the construction company’s stock valued at $498,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

About Winnebago Industries

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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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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