Winnebago Industries, Inc. (NYSE:WGO) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 4,398,400 shares, a drop of 7.1% from the May 30th total of 4,732,500 shares. Currently, 15.0% of the shares of the company are sold short. Based on an average daily volume of 451,100 shares, the short-interest ratio is presently 9.8 days.
WGO has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of China Southern Airlines from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Jefferies Financial Group set a $106.00 price objective on Churchill Downs and gave the stock a “buy” rating in a research report on Thursday, March 28th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. SunTrust Banks lifted their price objective on Everbridge to $100.00 and gave the stock a “positive” rating in a research report on Thursday, June 20th. Finally, Robert W. Baird began coverage on TAIWAN LIPOSOME/S in a research report on Thursday, June 20th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Winnebago Industries currently has a consensus rating of “Buy” and an average target price of $42.00.
Hedge funds have recently added to or reduced their stakes in the business. Clark Estates Inc. NY grew its stake in shares of Winnebago Industries by 3.9% during the 1st quarter. Clark Estates Inc. NY now owns 106,500 shares of the construction company’s stock valued at $3,317,000 after buying an additional 4,000 shares during the period. Bluestein R H & Co. purchased a new stake in shares of Winnebago Industries during the 1st quarter valued at $218,000. Metropolitan Life Insurance Co. NY grew its stake in shares of Winnebago Industries by 371.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,453 shares of the construction company’s stock valued at $253,000 after buying an additional 8,237 shares during the period. Peregrine Capital Management LLC grew its stake in shares of Winnebago Industries by 14.9% during the 1st quarter. Peregrine Capital Management LLC now owns 298,978 shares of the construction company’s stock valued at $9,313,000 after buying an additional 38,853 shares during the period. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Winnebago Industries during the 4th quarter valued at $267,000. 97.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Winnebago Industries stock opened at $39.01 on Monday. The firm has a market cap of $1.23 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.51 and a beta of 1.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 0.98. Winnebago Industries has a 1 year low of $19.77 and a 1 year high of $43.15. The stock’s 50 day moving average is $36.47.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 19th. The construction company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.09. The firm had revenue of $528.90 million during the quarter, compared to analysts’ expectations of $560.77 million. Winnebago Industries had a net margin of 5.51% and a return on equity of 18.94%. Winnebago Industries’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.02 EPS. As a group, equities research analysts expect that Winnebago Industries will post 3.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 19th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.44 annualized dividend and a yield of 1.13%. Winnebago Industries’s payout ratio is currently 13.97%.
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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