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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $51.11.

Several research analysts have issued reports on WGO shares. Baird R W cut Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Benchmark decreased their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. KeyCorp dropped their price target on Winnebago Industries from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, June 6th. Finally, Robert W. Baird lowered shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a research note on Friday, April 4th.

Winnebago Industries Price Performance

NYSE:WGO opened at $32.81 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $33.12 and its 200 day moving average price is $41.07. Winnebago Industries has a 52-week low of $28.29 and a 52-week high of $65.65. The firm has a market cap of $919.50 million, a P/E ratio of -49.71 and a beta of 1.07.

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

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.15%. Winnebago Industries’s dividend payout ratio is -544.00%.

Insider Transactions at Winnebago Industries

In related news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.63% of the stock is owned by insiders.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently bought and sold shares of WGO. Vident Advisory LLC raised its stake in shares of Winnebago Industries by 2.9% during the 1st quarter. Vident Advisory LLC now owns 12,373 shares of the construction company’s stock worth $426,000 after purchasing an additional 352 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the last quarter. Swiss National Bank increased its holdings in Winnebago Industries by 0.7% in the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after buying an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company’s stock valued at $568,000 after acquiring an additional 401 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company’s stock valued at $329,000 after acquiring an additional 498 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.