The stock of Winnebago Industries, Inc. (NYSE:WGO) hit a new 52-week high and has $35.64 target or 8.00% above today’s $33.00 share price. The 5 months bullish chart indicates low risk for the $882.72 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $35.64 price target is reached, the company will be worth $70.62 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 787,093 shares traded hands or 233.06% up from the average. Winnebago Industries, Inc. (NYSE:WGO) has risen 52.32% since April 26, 2016 and is uptrending. It has outperformed by 47.06% the S&P500.
Analysts await (:) to report earnings on December, 15. They expect $0.34 EPS, up 6.25% or $0.02 from last year’s $0.32 per share. After $0.49 actual EPS reported by for the previous quarter, Wall Street now forecasts -30.61% negative EPS growth.
Winnebago Industries, Inc. (NYSE:WGO) Ratings Coverage
Out of 2 analysts covering Winnebago Industries (NYSE:WGO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Winnebago Industries has been the topic of 3 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Sidoti on Friday, November 11. On Monday, October 3 the stock rating was upgraded by Robert W. Baird to “Outperform”. As per Wednesday, August 26, the company rating was downgraded by Zacks.
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 1.86 in Q2 2016. Its up 0.31, from 1.55 in 2016Q1. The ratio increased, 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.
Public Sector Pension Inv Board last reported 18,527 shares in the company. Omers Administration accumulated 22,172 shares or 0.01% of the stock. Creative Planning holds 1,140 shares or 0% of its portfolio. South Dakota Invest Council holds 0.11% or 225,600 shares in its portfolio. Millennium Mgmt has invested 0% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO). Anchor Capital Advsr Ltd Limited Liability Company holds 0.02% of its portfolio in Winnebago Industries, Inc. (NYSE:WGO) for 34,605 shares. Blackrock Inc holds 0% or 3,001 shares in its portfolio. Pinebridge L P, a New York-based fund reported 3,411 shares. Ameriprise Financial has 352,550 shares for 0% of their US portfolio. Northern Corp holds 0% or 352,514 shares in its portfolio. Moreover, Vanguard Grp Inc Incorporated has 0% invested in Winnebago Industries, Inc. (NYSE:WGO) for 1.24 million shares. Citadel Advsr Ltd Liability accumulated 33,430 shares or 0% of the stock. Gsa Partners Ltd Liability Partnership has 0.05% invested in the company for 40,586 shares. Whittier Tru Company Of Nevada Inc, a Nevada-based fund reported 1,242 shares. Blackrock Investment Limited Liability Co accumulated 116,659 shares or 0% of the stock.
More important recent Winnebago Industries, Inc. (NYSE:WGO) news were published by: Fool.com which released: “Why Winnebago Industries, Inc. Stock Soared 24% Today” on October 03, 2016, also Fool.com published article titled: “Why Winnebago Industries, Inc. Stock Gained 20% in March”, Nasdaq.com published: “Winnebago Industries, Inc. (WGO) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. More interesting news about Winnebago Industries, Inc. (NYSE:WGO) was released by: Startribune.com and their article: “Veteran Toro executive Michael Happe selected to lead Winnebago Industries” with publication date: December 21, 2015.
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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