Winnebago Industries (WGO) Given New $42.00 Price Target at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its target price lowered by stock analysts at BMO Capital Markets to $42.00 in a research note issued on Monday, February 4th, The Fly reports. The brokerage currently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 28.17% from the stock’s previous close.

WGO has been the topic of a number of other reports. SunTrust Banks lowered their price objective on Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research report on Thursday, December 20th. TheStreet cut Winnebago Industries from a “b-” rating to a “c+” rating in a research report on Monday, December 10th. Finally, Robert W. Baird lowered their price objective on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.40.

Shares of WGO traded up $0.14 on Monday, reaching $32.77. 605,059 shares of the stock traded hands, compared to its average volume of 546,865. The stock has a market cap of $1.08 billion, a PE ratio of 10.40 and a beta of 1.49. The company has a current ratio of 1.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.46. Winnebago Industries has a 12 month low of $19.77 and a 12 month high of $47.76.

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

In related news, VP Steven Scott Degnan sold 10,013 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $30.11, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 3.57% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in WGO. Comerica Bank boosted its stake in Winnebago Industries by 1.4% in the fourth quarter. Comerica Bank now owns 28,507 shares of the construction company’s stock worth $843,000 after purchasing an additional 397 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Winnebago Industries by 27.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock worth $48,000 after purchasing an additional 428 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Winnebago Industries by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 20,561 shares of the construction company’s stock worth $498,000 after purchasing an additional 452 shares in the last quarter. AlphaOne Investment Services LLC boosted its stake 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 worth $42,000 after purchasing an additional 489 shares in the last quarter. Finally, Meridian Investment Counsel Inc. boosted its stake in Winnebago Industries by 0.6% in the fourth quarter. Meridian Investment Counsel Inc. now owns 98,067 shares of the construction company’s stock worth $2,374,000 after purchasing an additional 550 shares in the last quarter. 88.26% of the stock is currently owned by institutional investors and hedge funds.

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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