Winnebago Industries, Inc. (NYSE:WGO) Plans Quarterly Dividend of $0.27

Winnebago Industries, Inc. (NYSE:WGO – Get Rating) announced a quarterly dividend on Wednesday, March 15th, Wall Street Journal reports. Shareholders of record on Wednesday, April 12th will be paid a dividend of 0.27 per share by the construction company on Wednesday, April 26th. This represents a $1.08 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Tuesday, April 11th.

Winnebago Industries has raised its dividend payment by an average of 26.9% per year over the last three years and has raised its dividend every year for the last 3 years. Winnebago Industries has a dividend payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $7.49 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 14.4%.

Winnebago Industries Trading Up 1.0 %

NYSE WGO opened at $57.36 on Friday. The company’s fifty day simple moving average is $62.46 and its 200-day simple moving average is $58.67. The stock has a market cap of $1.75 billion, a P/E ratio of 5.41 and a beta of 1.68. Winnebago Industries has a 52 week low of $43.05 and a 52 week high of $70.53. The company has a current ratio of 2.42, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46.

Winnebago Industries (NYSE:WGO – Get Rating) last posted its quarterly earnings data on Friday, December 16th. The construction company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.24. Winnebago Industries had a net margin of 7.39% and a return on equity of 32.66%. The company had revenue of $952.20 million during the quarter, compared to analysts’ expectations of $898.59 million. Equities research analysts predict that Winnebago Industries will post 7.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WGO has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Winnebago Industries from $62.00 to $76.00 in a research note on Friday, February 17th. Citigroup raised their price target on shares of Winnebago Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Northcoast Research cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, February 6th. StockNews.com started coverage on shares of Winnebago Industries in a research note on Thursday. They set a “hold” rating on the stock. Finally, MKM Partners boosted their target price on shares of Winnebago Industries from $53.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, January 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WGO. Price T Rowe Associates Inc. MD grew its position in shares of Winnebago Industries by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock valued at $1,073,000 after buying an additional 192 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Winnebago Industries by 6.2% during the first 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 last quarter. Advisors Asset Management Inc. raised its position in shares of Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after purchasing an additional 260 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Winnebago Industries by 1.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 29,117 shares of the construction company’s stock worth $1,614,000 after purchasing an additional 288 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Winnebago Industries by 27.3% in the 4th quarter. Amundi now owns 1,709 shares of the construction company’s stock worth $106,000 after purchasing an additional 367 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors.

Winnebago Industries Company Profile

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Winnebago Industries, Inc engages in the manufacture of recreational vehicles and marine products. It operates through the following business segments: Towable, Motorhome, and Marine. The Towable segment includes non-motorized vehicles that are designed to be towed by automobiles, pickup trucks, SUVs, and vans and are used as temporary living quarters for recreational travel.