LCII - Winnebago's purchase of pontoon boat maker contributes to broad rally in outdoors stocks

jenephotos/iStock via Getty Images Winnebago Industries ([[WGO]] +7.1%) is sharply higher after announcing a deal to acquire the pontoon boat Barletta business. KeyBanc Capital Markets analyst Brett Andress says Barletta is a natural fit for Winnebago. "We view this acquisition favorably, as WGO is essentially acquiring a young, fast-growing, and well-regarded pontoon brand... that is capturing share quickly (+150 bps avg. annual share gains from 2018-2021), with expectations to break top three market share long term," he writes. Meanwhile, B. Riley analyst Eric Wold thinks the sale of Barletta highlights optimism around the boating industry in general, especially for close peers Malibu Boats ([[MBUU]] +5.2%) and MasterCraft Boat Holdings ([[MCFT]] +5.5%). The synergy and M&A potential for boats stocks lines up with strong demand trends as well. Other boating-related and outdoors stocks having a solid day after the M&A action include Marine Products Corporation ([[MPX]] +7.0%), Brunswick ([[BC]] +5.3%), OneWater

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Winnebago's purchase of pontoon boat maker contributes to broad rally in outdoors stocks