Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $68.13.

A number of analysts recently commented on the company. Robert W. Baird decreased their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Benchmark cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, November 11th. BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Winnebago Industries Stock Up 0.4 %

NYSE:WGO opened at $51.93 on Friday. The company has a market cap of $1.50 billion, a PE ratio of 173.11 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries has a one year low of $49.68 and a one year high of $74.70. The firm’s 50 day simple moving average is $57.85 and its 200 day simple moving average is $57.38.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. On average, research analysts anticipate that Winnebago Industries will post 3.52 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 2.62%. Winnebago Industries’s payout ratio is 453.33%.

Insider Buying and Selling at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Happe bought 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. increased its holdings in Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares in the last quarter. Millennium Management LLC boosted its stake in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after buying an additional 199,264 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Winnebago Industries during the second quarter valued at $9,708,000. Janus Henderson Group PLC increased its stake in Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after acquiring an additional 168,055 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Winnebago Industries during the second quarter worth $7,976,000.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.