The stock of Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week high and has $34.70 target or 21.00% above today’s $28.68 share price. The 7 months bullish chart indicates low risk for the $775.92 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $34.70 price target is reached, the company will be worth $162.94 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 801,529 shares traded hands or 379.25% up from the average. Winnebago Industries, Inc. (NYSE:WGO) has risen 25.84% since February 29, 2016 and is uptrending. It has outperformed by 13.62% the S&P500.
Analysts await Winnebago Industries, Inc. (NYSE:WGO) to report earnings on October, 20. They expect $0.46 EPS, up 6.98% or $0.03 from last year’s $0.43 per share. WGO’s profit will be $12.45 million for 15.58 P/E if the $0.46 EPS becomes a reality. After $0.53 actual EPS reported by Winnebago Industries, Inc. for the previous quarter, Wall Street now forecasts -13.21% negative EPS growth.
According to Zacks Investment Research, “Winnebago Industries, Inc. is a leading U.S. manufacturer of motor homes, self-contained recreation vehicles used primarily in leisure travel and outdoor recreation activities. Motor home sales by the Company represented more than 87 percent of its revenues in each of the past five fiscal years. The Company’s motor homes are sold through dealer organizations primarily under the Winnebago, Itasca, Vectra, Rialta and Luxor brand names.”
Insitutional Activity: The institutional sentiment increased to 1.55 in Q2 2016. Its up 0.05, from 1.5 in 2016Q1. The ratio improved, as 9 funds sold all Winnebago Industries, Inc. shares owned while 35 reduced positions. 18 funds bought stakes while 50 increased positions. They now own 23.99 million shares or 1.63% less from 24.39 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System, a Florida-based fund reported 30,845 shares. Moreover, Jpmorgan Chase Communications has 0% invested in Winnebago Industries, Inc. (NYSE:WGO) for 21,821 shares. The Michigan-based Comerica Bancorp has invested 0.01% in Winnebago Industries, Inc. (NYSE:WGO). Lawson Kroeker Mgmt Ne has invested 0.73% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO). Moreover, Blackrock Fund Advisors has 0.01% invested in Winnebago Industries, Inc. (NYSE:WGO) for 1.78 million shares. Inv Counselors Of Maryland Limited Liability Corp has invested 1.11% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO). Westport Resource Mngmt owns 1,400 shares or 0.01% of their US portfolio. Blackrock accumulated 3,001 shares or 0% of the stock. Anchor Capital Advsr Limited Liability Company reported 34,605 shares or 0.02% of all its holdings. Skyline Asset L P last reported 705,200 shares in the company. Citigroup Inc has invested 0% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO). Teacher Retirement Sys Of Texas accumulated 3,774 shares or 0% of the stock. California State Teachers Retirement Sys has 0% invested in the company for 56,109 shares. Keeley Asset holds 0.11% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO) for 110,765 shares. Lsv Asset owns 85,600 shares or 0% of their US portfolio.
More notable recent Winnebago Industries, Inc. (NYSE:WGO) news were published by: Marketwatch.com which released: “Winnebago Industries Inc.” on December 17, 2009, also Fool.com with their article: “Why Winnebago Industries, Inc. Stock Gained 20% in March” published on April 07, 2016, Fool.com published: “Why Shares of Winnebago Industries Inc. Crashed Today” on March 26, 2015. More interesting news about Winnebago Industries, Inc. (NYSE:WGO) were released by: Startribune.com and their article: “Veteran Toro executive Michael Happe selected to lead Winnebago Industries” published on December 21, 2015 as well as Twst.com‘s news article titled: “Winnebago Industries Inc.: Winnebago Industries’ Fourth Quarter and Fiscal …” with publication date: September 29, 2016.
WGO Company Profile
Winnebago Industries, Inc., incorporated on February 12, 1958, is a maker of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Firm designs, develops, makes and markets motorized and towable recreation products along with supporting services and products. The Company’s other products manufactured by the Company consist of original equipment maker (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles. The Firm offers products under categories, which include motorhomes, towables and other manufactured products. The Firm produces all of its motorhomes in vertically integrated manufacturing facilities in Iowa and it produces all travel trailer and fifth wheel trailers in Indiana. The Firm distributes its products primarily through independent dealers throughout the United States and Canada, who then retail the products to the end consumer.
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