Economy

Winnebago Reports Strong Earnings, Buyback, But RV Stock Is In Reverse

Additionally Winnebago Industries, Inc. declared a dividend that was paid on Wednesday the 26th of July 2017.

Short traders are more bearish on shares of Winnebago Industries, Inc. recently if you put credence in the rise in short interest. This recommendation falls on a scale from 1 to 5 where a 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. Winnebago Industries, Inc.'s institutional ownership is 90.6%, while its institutional transactions stand at 0.36%.

Winnebago Industries, Inc. has a 12-month low of $24.15 and a 12-month high of $46.85. The biggest holder now is Mr. Donald Jeff Clark who owns 764,426 shares (2.42% of those outstanding), whilst Bruce D. Hertzke holds 94,878 (0.30% of shares outstanding) and Mr. O Shaughnessy Asset Management LLC increased its position in Winnebago Industries by 33.1% in the 1st quarter. Over the last five trading sessions, the stock has moved 4.56%. Mason Street Advisors LLC increased its position in Winnebago Industries by 7.3% in the 1st quarter. As of the latest earnings report the EPS was $2.00 and is estimated to be $2.23 for the current year with 31,587,000 shares outstanding. Analysts had expected US$439.9mln. This works out to a net increase in ownership of 430013 shares, and suggests that institutions are feeling bullish about the stock. Texas Permanent School Fund invested in 0.86% or 1.73 million shares. Moreover, Geode Management Ltd Liability Corporation has 0% invested in Winnebago Industries, Inc. (NYSE:WGO) have caught the attention of investors.

Market cap is a great place to start and the current market cap for Winnebago Industries, Inc.is 1.39B. The value of the investment in Winnebago Industries, Inc. went from $378,000 to $519,000 a change of $141,000 since the last quarter. The company had revenue of $454.90 million for the quarter, compared to the consensus estimate of $444.50 million. During the same period in the previous year, the business posted $0.49 EPS. Narrowing in further, the stock has been recently noted at -3.46% away from the 50 day high and 38.31% separated from the 50 day low.

Now insiders hold 1,608,373 shares in the business which makes up 5.09% of shares. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. $138,600 worth of Winnebago Industries, Inc.

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Several equities analysts have issued reports on the stock. Northcoast upgraded the shares of WGO in report on Thursday, March 23 to "Buy" rating. Stifel Nicolaus lowered shares of Winnebago Industries from a "buy" rating to a "hold" rating and upped their target price for the company from $40.00 to $44.00 in a research note on Tuesday, October 3rd. BMO Capital Markets reiterated a "hold" rating and set a $34.00 price target on shares of Winnebago Industries in a research report on Friday, September 1st. $36's average target is -21.48% below currents $45.85 stock price. (NASDAQ:WGO), 4 rate it "Buy", 1 "Outperform", 5 "Underperform", 0 "Sell", while 0 "Hold". The company has a consensus rating of "Buy" and an average target price of $42.29.

Earlier this year, Winnebago acquired Grand Design, a manufacturer of towable recreational vehicles, to add to its own lineup of RV trailers.

As announced last quarter, the Company's Board of Directors approved a facilities expansion for Grand Design, and good progress has been made on that project, which is scheduled to increase production midway through Fiscal 2018.



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