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, 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.

COPYRIGHT VIOLATION NOTICE: "PNC Financial Services Group Inc". (NYSE:WGO) for 313,251 shares. If you are viewing this piece on another publication, it was illegally copied and republished in violation of USA and worldwide copyright laws.

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.

Like this


20 October 2017
BB&T Corporation (BBT) Holdings Boosted by WINTON GROUP Ltd
This repurchase authorization authorizes the insurance provider to buy up to 5.2% of its stock through open market purchases. In the most recent session, the stock price hovered around $0.36 (0.77%) between intraday high and intraday low.

20 October 2017
Recent Analysts Ratings Nokia Corporation (NOK)
By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with LOW volatility. Fisher Asset Management, LLC downsized its investment by shedding 2,582 shares a decrease of 7.8% as of 09/30/2017.

20 October 2017
Canadian Pacific Railway Limite (CP) - Argus Maintains Rating And Raises Price Target
Copeland Capital Management Llc decreased Canadian National Railway (CNI) stake by 30.79% reported in 2017Q2 SEC filing. The stock witnessed 9.54% gains, 9.06% gains and 15.16% gains for the 1-month, 3-month and 6-month period, respectively.

20 October 2017
Blue Buffalo Pet Products, Inc. (BUFF) Stake Increased by Vanguard Group Inc
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Note, this compares with a consensus analyst forecast of 0.25 in earnings per share for its next fiscal quarterly report.

20 October 2017
Pak PM to hand over D-8 chairmanship to Turkey
Pakistan is the current chair of the D-8 summit, it assumed this position at the 8 summit held in Islamabad in November 2012. Prime Minister Abbasi expressed deep grief and sorrow over the loss of precious lives during the terrorist attack.

20 October 2017
Blatter to attend 2018 World Cup despite ban
However, Blatter is confident that the tournament will be a success. "I'm sure that the World Cup 2018 will be a great World Cup".

20 October 2017
Judge Theodore D. Chang rules against Donald Trump's Muslim ban
In a statement , the White House said it is confident "the Judiciary will uphold the president's lawful and necessary action". This is the third set of travel restrictions to be thwarted, in part or as a whole, by the judicial system.

20 October 2017
Now, fatwa against Muslim women from posting images on social media
The Deoband is said to have announced that Muslim women should not post their pictures on Facebook , WhatsApp and Twitter. Darul Uloom Deoband considers the act of posting photographs in social media as "un-Islamic".

20 October 2017
Transgender woman found guilty of sexually abusing 10-year-old girl
The suspect maintained his innocence at an arraignment on Natrona County District Court, according to the Billings Gazette . When questioned by the police, Martinez was hostile and defensive, and even said that the girl had been "talking nonsense".

20 October 2017
India lay blame with Pakistan for wave of terror attacks in Afghanistan
After the recovery of hostages, the Pakistan military officials emphasised the importance of co-operation and intelligence sharing by Washington.