Winnebago Industries, Inc. (NYSE:WGO) Announces $0.18 Quarterly Dividend

Winnebago Industries, Inc. (NYSE:WGOGet Rating) declared a quarterly dividend on Wednesday, May 18th, Zacks reports. Stockholders of record on Wednesday, June 8th will be given a dividend of 0.18 per share by the construction company on Wednesday, June 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, June 7th.

Winnebago Industries has raised its dividend by an average of 13.5% per year over the last three years and has increased its dividend every year for the last 2 years. Winnebago Industries has a payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Winnebago Industries to earn $10.00 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 7.2%.

Shares of NYSE WGO opened at $46.75 on Friday. The stock’s 50-day simple moving average is $55.50 and its two-hundred day simple moving average is $64.47. Winnebago Industries has a twelve month low of $46.10 and a twelve month high of $80.30. The firm has a market capitalization of $1.53 billion, a P/E ratio of 4.63 and a beta of 1.70. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGOGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The construction company reported $3.14 earnings per share for the quarter, topping the consensus estimate of $3.06 by $0.08. Winnebago Industries had a net margin of 8.02% and a return on equity of 35.21%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Winnebago Industries’s revenue for the quarter was up 38.7% compared to the same quarter last year. As a group, research analysts anticipate that Winnebago Industries will post 12.51 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in WGO. Guggenheim Capital LLC increased its holdings in Winnebago Industries by 6.2% during the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock valued at $213,000 after purchasing an additional 232 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after buying an additional 260 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Winnebago Industries by 1.0% during the first quarter. Great West Life Assurance Co. Can now owns 29,117 shares of the construction company’s stock valued at $1,614,000 after acquiring an additional 288 shares in the last quarter. Stifel Financial Corp lifted its stake in Winnebago Industries by 11.5% in the fourth quarter. Stifel Financial Corp now owns 4,013 shares of the construction company’s stock worth $301,000 after acquiring an additional 413 shares during the period. Finally, LPL Financial LLC boosted its holdings in Winnebago Industries by 6.7% in the fourth quarter. LPL Financial LLC now owns 9,466 shares of the construction company’s stock valued at $709,000 after acquiring an additional 591 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

A number of research firms have weighed in on WGO. BMO Capital Markets lowered their price target on Winnebago Industries from $95.00 to $85.00 in a research report on Monday. Truist Financial cut their target price on Winnebago Industries from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. Zacks Investment Research downgraded shares of Winnebago Industries from a “buy” rating to a “hold” rating and set a $67.00 price target on the stock. in a research note on Monday, February 21st. MKM Partners initiated coverage on shares of Winnebago Industries in a report on Thursday, May 5th. They issued a “buy” rating and a $79.00 price objective for the company. Finally, StockNews.com assumed coverage on shares of Winnebago Industries in a report on Thursday, March 31st. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $78.11.

Winnebago Industries Company Profile (Get Rating)

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

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Dividend History for Winnebago Industries (NYSE:WGO)

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