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

Winnebago Industries, Inc. (NYSE:WGO) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $58.00.

A number of research firms recently commented on WGO. KeyCorp lowered their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. DA Davidson dropped their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Truist Financial reduced their price objective on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Benchmark reissued a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd.

Winnebago Industries Trading Down 7.5 %

Shares of WGO stock opened at $34.74 on Friday. Winnebago Industries has a 12-month low of $33.62 and a 12-month high of $74.00. The company has a market capitalization of $986.60 million, a PE ratio of -52.64 and a beta of 1.70. The firm has a 50 day moving average price of $41.45 and a two-hundred day moving average price of $50.60. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same period last year, the firm posted $0.93 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. As a group, analysts predict that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after purchasing an additional 48,517 shares during the period. First Trust Advisors LP raised its position in Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after purchasing an additional 474,273 shares during the last quarter. State Street Corp lifted its holdings in Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after buying an additional 6,979 shares during the period. JPMorgan Chase & Co. grew its position in shares of Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after buying an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Winnebago Industries by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after buying an additional 50,634 shares during the last quarter.

Winnebago Industries Company Profile

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.