Winnebago Industries Inc. has been added to the Standard & Poor’s Top 10 portfolio, according to Business Week Online.
The listing, compiled by the Standard & Poor’s Equity Research Group, comprises issues it considers to be the best candidates for capital gains over the next six to 12 months.
On Monday (July 19), S&P replaced medical-instrument maker Boston Scientific with the Forest City, Iowa-based RV manufacturer. Like all the stocks in the portfolio, Winnebago carries S&P’s highest investment ranking of 5 STARS, or buy rating.
The Equity Research Group said in statement S&P’s continued enthusiasm for Winnebago reflects the company’s strong position in the U.S. RV market.
“We believe the industry is experiencing solid demographic-fueled growth,” the statement said. “High oil prices are a concern, but, in our view, are more than offset by the company’s strong balance sheet, and its consistent high free-cash-flow generation and return on equity.”
Winnebago closed at $34.76, up $1.34, following Monday’s trading.