Winnebago Industries (WGO) Stock Rating Upgraded by TheStreet

Winnebago Industries (NYSE:WGO) was upgraded by TheStreet from a “c+” rating to a “b-” rating in a research report issued on Monday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Saturday. BMO Capital Markets decreased their target price on shares of Winnebago Industries to $42.00 and set an “outperform” rating on the stock in a research note on Monday, February 4th. SunTrust Banks reduced their price target on shares of Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research report on Thursday, December 20th. Finally, Robert W. Baird reduced their price target on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.40.

WGO opened at $29.90 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.76 and a current ratio of 1.72. Winnebago Industries has a 1-year low of $19.77 and a 1-year high of $47.76. The company has a market capitalization of $945.80 million, a price-to-earnings ratio of 9.49 and a beta of 1.49.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, December 19th. The construction company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.13. Winnebago Industries had a net margin of 5.17% and a return on equity of 20.10%. The business had revenue of $493.65 million for the quarter, compared to analyst estimates of $482.96 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 9.7% on a year-over-year basis. Sell-side analysts forecast that Winnebago Industries will post 3.6 EPS for the current fiscal year.

In other news, VP Steven Scott Degnan sold 10,013 shares of Winnebago Industries stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $30.11, for a total transaction of $301,491.43. Following the sale, the vice president now owns 32,449 shares of the company’s stock, valued at approximately $977,039.39. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.57% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its position in shares of Winnebago Industries by 1.4% during the 4th quarter. Comerica Bank now owns 28,507 shares of the construction company’s stock valued at $843,000 after buying an additional 397 shares during the period. AlphaOne Investment Services LLC raised its position in Winnebago Industries by 39.7% in the fourth quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock valued at $42,000 after purchasing an additional 489 shares during the period. Advisor Group Inc. raised its position in Winnebago Industries by 103.4% in the fourth quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock valued at $40,000 after purchasing an additional 841 shares during the period. Mount Vernon Associates Inc. MD raised its position in Winnebago Industries by 2.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 38,562 shares of the construction company’s stock valued at $934,000 after purchasing an additional 850 shares during the period. Finally, Texas Permanent School Fund raised its position in Winnebago Industries by 5.2% in the fourth quarter. Texas Permanent School Fund now owns 18,988 shares of the construction company’s stock valued at $460,000 after purchasing an additional 935 shares during the period. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Winnebago Industries Company Profile

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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