Zacks Investment Research cut shares of Winnebago Industries (NYSE:WGO) from a hold rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “Winnebago’s shares have underperformed the industry it belongs to in the past six months. Also, high material costs faced by the Motorized segment and considerable outstanding debt are few headwinds for the company. However, robust organic growth by the Towable segment has enabled it to drive revenues. Also, higher volume sales,overall market growth and an improved RV portfolio have contributed to the increase in revenues. Also, in order to enhance shareholder value, it engages in frequent share-repurchase programs. “
Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of Winnebago Industries from a hold rating to a buy rating in a research report on Friday, February 2nd. SunTrust Banks raised shares of Winnebago Industries from a hold rating to a buy rating in a report on Friday, March 16th. Stifel Nicolaus set a $44.00 price objective on shares of Winnebago Industries and gave the stock a hold rating in a report on Monday, May 7th. Northcoast Research reaffirmed a hold rating on shares of Winnebago Industries in a report on Tuesday, February 27th. Finally, BMO Capital Markets raised shares of Winnebago Industries from a market perform rating to an outperform rating and upped their price objective for the stock from $58.00 to $60.00 in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $53.40.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, March 21st. The construction company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.03). The firm had revenue of $468.40 million for the quarter, compared to the consensus estimate of $445.88 million. Winnebago Industries had a return on equity of 21.72% and a net margin of 4.56%. The firm’s revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. equities research analysts predict that Winnebago Industries will post 3.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.05%. The ex-dividend date was Tuesday, April 10th. Winnebago Industries’s payout ratio is currently 11.94%.
A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Winnebago Industries by 2.3% in the first quarter. BlackRock Inc. now owns 3,938,342 shares of the construction company’s stock worth $148,081,000 after purchasing an additional 88,491 shares during the period. Timucuan Asset Management Inc. FL acquired a new stake in Winnebago Industries in the fourth quarter worth about $67,768,000. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 54.6% in the first quarter. JPMorgan Chase & Co. now owns 1,137,827 shares of the construction company’s stock worth $42,782,000 after purchasing an additional 401,814 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Winnebago Industries by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 865,161 shares of the construction company’s stock worth $48,103,000 after purchasing an additional 235,594 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in Winnebago Industries by 57.6% in the first quarter. Cooke & Bieler LP now owns 806,083 shares of the construction company’s stock worth $30,309,000 after purchasing an additional 294,495 shares during the period. 87.88% of the stock is owned by institutional investors and hedge funds.
About Winnebago Industries
Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.
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