Winnebago Industries (NYSE:WGO) Receives New Coverage from Analysts at Northcoast Research

Analysts at Northcoast Research assumed coverage on shares of Winnebago Industries (NYSE:WGO) in a research note issued on Friday, TipRanks reports. The firm set a “buy” rating and a $47.00 price target on the construction company’s stock. Northcoast Research’s target price suggests a potential upside of 27.13% from the stock’s previous close.

Several other equities research analysts have also recently commented on WGO. Zacks Investment Research upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group began coverage on shares of Winnebago Industries in a research report on Thursday, March 28th. They set a “hold” rating and a $31.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.33.

NYSE:WGO opened at $36.97 on Friday. The stock has a market cap of $1.14 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. Winnebago Industries has a 52 week low of $19.77 and a 52 week high of $47.76. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Monday, March 25th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.12. The firm had revenue of $432.70 million during the quarter, compared to analysts’ expectations of $443.05 million. Winnebago Industries had a net margin of 5.24% and a return on equity of 19.11%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS. On average, equities research analysts expect that Winnebago Industries will post 3.45 EPS for the current year.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Winnebago Industries by 2.4% in the first quarter. BlackRock Inc. now owns 4,338,572 shares of the construction company’s stock worth $135,148,000 after purchasing an additional 101,018 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Winnebago Industries by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,194,967 shares of the construction company’s stock valued at $68,373,000 after acquiring an additional 89,082 shares in the last quarter. LSV Asset Management grew its stake in shares of Winnebago Industries by 0.8% in the fourth quarter. LSV Asset Management now owns 1,642,100 shares of the construction company’s stock valued at $39,755,000 after acquiring an additional 12,400 shares in the last quarter. Royce & Associates LP grew its stake in shares of Winnebago Industries by 57.8% in the fourth quarter. Royce & Associates LP now owns 1,344,032 shares of the construction company’s stock valued at $32,539,000 after acquiring an additional 492,536 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in Winnebago Industries during the first quarter worth about $36,898,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.

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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