BlackRock Fund Advisors recently announced the acquisition of new stake in Winnebago Industries Inc. (NYSE:WGO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.42% to 4.51 million shares with purchase of 63000.0 shares. This fresh investment now brings its stake to 13.37% valued currently at $272.26 million. In addition, Dimensional Fund Advisors LP raised its holdings by 54712.0 to 2.21 million shares. And The Vanguard Group, Inc. has lifted its position by 2.28% or 46420.0 shares – to 2.08 million shares.
With over 1.33 million Winnebago Industries Inc. (WGO) shares trading Tuesday and a closing price of $53.56 on the day, the dollar volume was approximately $71.46 million. The shares have shown a negative weekly performance of -8.19% and its price on 09/01/20 lost nearly -0.78%. Currently, there are 33.63M common shares owned by the public and among those 32.22M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for WGO have a consensus price objective of $71.13. The analysts have set the share’s price value over the next 12 months at a high of $80.00 and a low of $60.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Winnebago Industries Inc. stock is 2.20 for the next 12 months. The average price target is 20.45% above its last price level and an upside to the estimated low will see the stock gain 10.73% over that period. But an upside of 33.05% will see the stock hit the forecast high price target while mean target price for the stock is $73.00.
Insiders at the company have transacted a total of 68 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 27 of these insider trades were purchases, accounting for 634,891 shares. Insider sales of the common stock occurred on 41 occasions, with total insider shares sold totaling 56,216 shares.
The top 3 mutual fund holders in Winnebago Industries Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and JPMorgan Small Cap Growth Fund. iShares Core S&P Small Cap ETF owns 2.1 million shares of the company’s stock, all valued at over $127.06 million. The company bought an additional 13221.0 shares recently to bring their total holdings to about 6.24% of the shares outstanding. Vanguard Total Stock Market Index sold 380.0 shares to see its total holdings shrink to 0.91 million shares valued at over $54.88 million and representing 2.70% of the shares outstanding. JPMorgan Small Cap Growth Fund bought 24759.0 shares to bring its total holdings to over 0.7 million shares at a value of $42.56 million. JPMorgan Small Cap Growth Fund now owns shares totaling to 2.09% of the shares outstanding.
Shares of Winnebago Industries Inc. (NYSE: WGO) opened at $53.39, down -$0.59 from a prior closing price of $53.98. However, the script later closed the day at $53.56, down -0.78%. The company’s stock has a 5-day price change of -8.19% and -11.73% over the past three months. WGO shares are trading 1.09% year to date (YTD), with the 12-month market performance up to 73.95% higher. It has a 12-month low price of $16.94 and touched a high of $72.65 over the same period. Currently, 1.33 million shares have been traded, compared to an average intraday trading volume of 676.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.00%, -13.37%, and 3.03% respectively.
Institutional ownership of Winnebago Industries Inc. (NYSE: WGO) shares accounts for 94.70% of the company’s 33.63M shares outstanding. Mutual fund holders own 44.98%, while other institutional holders and individual stakeholders account for 45.12% and 16.28% respectively.
It has a market capitalization of $1.82B and a beta (3y monthly) value of 2.20. The stock’s trailing 12-month PE ratio is 33.86, while the earnings-per-share (ttm) stands at $1.58. The company has a PEG of 2.26 and a Quick Ratio of 1.50 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.27% over the week and 4.57% over the month.
Analysts forecast that Winnebago Industries Inc. (WGO) will achieve an EPS of $0.88 for the current quarter, $0.9 for the next quarter and $3.98 for 2021. The lowest estimate earnings-per-share for the quarter is $0.68 while analysts give the company a high EPS estimate of $1.02. Comparatively, EPS for the current quarter was $1.03 a year ago. Earnings per share for the fiscal year are expected to increase by 9.50%, and 95.72% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 16.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Winnebago Industries Inc. (WGO) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WGO, a number of firms have released research notes about the stock. CFRA stated their Buy rating for the stock in a research note on September 01, 2020, with the firm’s price target at. Citigroup coverage for the Winnebago Industries Inc. (WGO) stock in a research note released on July 06, 2020 offered a Neutral rating with a price target of. Sidoti was of a view on May 29, 2020 that the stock is Neutral, while Wolfe Research gave the stock Peer Perform rating on April 17, 2020, issuing a price target of. KeyBanc Capital Markets on their part issued Overweight rating on January 27, 2020.