Winnebago Industries (NYSE:WGO) Given Buy Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Winnebago Industries (NYSE:WGO) in a report published on Monday,Benzinga reports. They currently have a $70.00 price target on the construction company’s stock.

Several other brokerages have also recently commented on WGO. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Truist Financial dropped their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.13.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $47.99 on Monday. Winnebago Industries has a 1 year low of $47.93 and a 1 year high of $74.61. The firm has a market cap of $1.39 billion, a P/E ratio of 159.97 and a beta of 1.60. The stock has a fifty day moving average price of $57.69 and a two-hundred day moving average price of $57.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 earnings per share. Research analysts forecast that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.83%. Winnebago Industries’s dividend payout ratio is -206.06%.

Insider Activity at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction that occurred on Friday, November 1st. The stock was 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. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Fisher acquired 2,000 shares of the stock in a transaction dated Monday, October 28th. The shares were purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently modified their holdings of WGO. Louisiana State Employees Retirement System increased its position in shares of Winnebago Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after purchasing an additional 200 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after acquiring an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the last quarter.

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.