On Thursday, StockNews.com published a note that marked the beginning of the company’s coverage of research regarding Winnebago Industries (NYSE: WGO).
The construction company’s stock was recommended to be “held” by the brokerage firm’s clients as an investment option.
The quarterly earnings report for Winnebago Industries (NYSE: WGO) was released on December 16th, which was a Friday.
The construction company reported quarterly profits of $2.07 million, which were $0.24 higher than the average estimate by industry analysts.
This result exceeded expectations by a significant margin. Winnebago Industries had a return on equity of 32.666 percent, while its net margin was 7.39 percent.
The company’s sales for the quarter came in at $952.20 million, which is a significant increase compared to the industry experts’ projections of $898.59 million for the company’s sales for the quarter. Winnebago Industries is expected to generate profits of 7.12 cents per share during the current fiscal year, as stated by financial analysts’ projections.
When trading started on Thursday, a share of WGO’s stock went for $56.82 per share.
The company’s market capitalization is currently sitting at $1.74 billion, its price-to-earnings ratio stands at 5.36, and its beta stands at 1.68.
The quick ratio is 1.15, the current ratio is 2.42, and the debt-to-equity ratio is 0.46.
All of these numbers are relative to the company’s liquidity.
These figures should be interpreted in light of the company’s liquidity. Winnebago Industries hit its all-time low of $43.05 one year ago, while the company reached its all-time high of $70.53 last year.
The moving average for the company over the past 50 days is $62.40, and the moving average over the last 200 days is $58.68.
In recent times, WGO has received feedback from a variety of additional stock research analysts.
This feedback has been very helpful. On Monday, February 6th, Northcoast Research changed its rating for Winnebago Industries from “buy” to “neutral,” reflecting their new perspective.
That day, the study was made available to the public.
Trust Financial stated in a report made public on Friday, February 17th, that they had raised their price target for Winnebago Industries shares to $70.00, an increase from the previous price target of $62.00.
MKM Partners upgraded Winnebago Industries from a rating of “neutral” to “overweight” in a research report published on Friday, January 27th.
Despite this change, the firm’s target price for the stock remained the same at $53.00. Citigroup gave Winnebago Industries a “buy” rating in a research report released on Friday, February 24th.
Additionally, Citigroup increased its price objective on the company from $70.00 to $80.00, reflecting the firm’s belief that the stock will move higher shortly.
In conjunction with the dissemination of the report, every one of these actions was taken. Four stock analysts have given the company a rating of “hold,” while four other stock analysts have given the company a rating of “buy.” According to the information provided on Bloomberg.com, the company has been given a recommendation of “Moderate Buy” by the market as a whole, and the typical price target has been established at $71.00.
Recently, several prominent investors have changed the number of shares in the company they currently own.
These changes were made in response to recent market activity.
Price T. Rowe Associates INC (MD), over the second quarter, brought the total amount of Winnebago Industries stock that it owned to a level that was 0.9% higher than before.
Price T. Rowe Associates INC (MD) now has 22,087 shares of the construction company’s stock, currently valued at $1,073,000 after purchasing an additional 192 shares during the most recent quarter.
This brings the total number of shares owned by the company to 22,087. Guggenheim Capital LLC increased the amount of Winnebago Industries stock owned by 6.2% during the year’s first quarter.
As a result of the purchase of 232 additional shares during the most recent quarter, Guggenheim Capital LLC now holds a total of 3,947 shares of the construction company’s stock, which has an estimated market value of $213,000. Franklin Resources INC increased the proportion of Winnebago Industries stock that is owned by 0.3 percent over the most recent quarter. Franklin Resources INC now directly owns 91,333 shares of the construction company, which are worth a total of $4,813,000 following the purchase of an additional 247 shares during the most recent fiscal quarter.
During the first three months of 2018, Advisors Asset Management INC increased the number of shares of Winnebago Industries stock that it held by 71.8%.
After making an additional purchase of 260 shares during the most recent quarter, Advisors Asset Management INC now has 622 shares of the stock issued by the construction company in its possession.
The current market value of these shares is $34,000.
During the third quarter, KBC Group NV increased the amount of Winnebago Industries stock owned by 1.3%, making this the last and most important point. Following the acquisition of an additional 280 shares in the construction company during the most recent fiscal quarter, KBC Group NV now holds 22,067 shares.
The market price for these shares at the moment is $1,170,000.
Institutional investors own most of the company’s shares, which account for 97.63%.
Winnebago Industries, INC is the name of a company that produces a variety of goods for the maritime industry and recreational vehicles.
In addition, the company is known for its Winnebago brand of vehicles.
It is also involved in the marine, towable, motorhome, and travel trailer industries.
Towables are non-motorized vehicles built to be towed behind motorized vehicles such as cars, pickup trucks, SUVs, and vans.
They are typically employed as short-term leisure travel lodges and can be towed behind these vehicles.