Holdings of Winnebago Industries Inc. (WGO) are aligned with the stars

Winnebago Industries Inc. (NYSE: WGO) stock jumped 8.80% on Friday to $62.82 against a previous-day closing price of $57.74. With 1.42 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.81 million shares. During the session, the Recreational Vehicles company that operates in wider Consumer Cyclical sector, reached to the highest price of $63.15 whereas the lowest price it dropped to was $59.11. The 52-week range on WGO shows that it touched its highest point at $80.30 and its lowest point at $43.05 during that stretch. It currently has a 1-year price target of $63.33. With its current market cap of 1.88 billion, WGO has annualized dividend of $0.72 while the current yield stands at 1.15%. Beta for the stock currently stands at 1.68.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WGO was up-trending over the past week, with a rise of 10.46%, but this was up by 20.74% over a month. Three-month performance surged to 9.90% while six-month performance fell -6.89%. The stock lost -15.10% in the past year, while it has lost -16.15% so far this year. A look at the trailing 12-month EPS for WGO yields 11.60 with Next year EPS estimates of 9.22. For the next quarter, that number is 2.83. This implies an EPS growth rate of 350.70% for this year and -32.21% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 37.50%.

Float and Shares Shorts:

At present, 32.39 million WGO shares are outstanding with a float of 30.34 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.58 million, which was 17.56% higher than short shares on Jun 14, 2022. In addition to Mr. Michael J. Happe as the firm’s CEO, Pres & Director, Mr. Bryan L. Hughes serves as its CFO and Sr. VP of Fin., IT & Strategic Planning.

Institutional Ownership:

Through their ownership of 107.35% of WGO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.51% of WGO, in contrast to 50.23% held by mutual funds. Shares owned by individuals account for 17.48%. As the largest shareholder in WGO with 16.21% of the stake, BlackRock Fund Advisors holds 5,148,610 shares worth 5,148,610. A second-largest stockholder of WGO, The Vanguard Group, Inc., holds 2,715,083 shares, controlling over 8.55% of the firm’s shares. Cooke & Bieler LP is the third largest shareholder in WGO, holding 2,371,057 shares or 7.47% stake. With a 7.28% stake in WGO, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 2,311,274 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.89% of WGO stock, is the second-largest Mutual Fund holder. It holds 917,479 shares valued at 44.55 million. iShares Russell 2000 ETF holds 2.25% of the stake in WGO, owning 714,045 shares worth 34.67 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WGO since 13 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WGO analysts setting a high price target of $85.00 and a low target of $50.00, the average target price over the next 12 months is $63.33. Based on these targets, WGO could surge 35.31% to reach the target high and fall by -20.41% to reach the target low. Reaching the average price target will result in a growth of 0.81% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WGO will report FY 2022 earnings on 10/19/2022. Analysts have provided yearly estimates in a range of $13.90 being high and $13.05 being low. For WGO, this leads to a yearly average estimate of $13.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Winnebago Industries Inc. surprised analysts by $1.17 when it reported $4.13 EPS against a consensus estimate of $2.96. The surprise factor in the prior quarter was $0.20. Based on analyst estimates, the high estimate for the next quarter is $3.19 and the low estimate is $2.27. The average estimate for the next quarter is thus $2.83.

Summary of Insider Activity:

Insiders traded WGO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 40 while that of sell transactions has risen to 46 over the past year. The total number of shares bought during that period was 388,252 while 48,807 shares were sold.

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