Winnebago Industries Inc. (NYSE:WGO) – Equities research analysts at Northcoast Research boosted their FY2016 earnings estimates for Winnebago Industries in a research report issued on Wednesday. Northcoast Research analyst S. Woolf now anticipates that the firm will post earnings per share of $1.68 for the year, up from their previous estimate of $1.57.
Several other research firms have also weighed in on WGO. Zacks Investment Research lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, June 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price target on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets boosted their price target on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Winnebago Industries presently has an average rating of “Hold” and a consensus price target of $29.33.
Shares of Winnebago Industries (NYSE:WGO) traded up 0.41% during midday trading on Thursday, reaching $29.14. The company’s stock had a trading volume of 230,218 shares. The firm has a market cap of $783.66 million, a price-to-earnings ratio of 17.88 and a beta of 2.11. Winnebago Industries has a 12 month low of $15.41 and a 12 month high of $30.60. The company has a 50-day moving average price of $23.91 and a 200-day moving average price of $22.50.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Mason Street Advisors LLC acquired a new position in shares of Winnebago Industries during the second quarter valued at approximately $120,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Winnebago Industries during the second quarter valued at approximately $142,000. Legal & General Group Plc increased its position in shares of Winnebago Industries by 12.8% in the first quarter. Legal & General Group Plc now owns 7,582 shares of the company’s stock valued at $171,000 after buying an additional 862 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock valued at $200,000 after buying an additional 6,400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock valued at $201,000 after buying an additional 4,144 shares in the last quarter. Institutional investors own 91.48% of the company’s stock.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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