Winnebago Industries (NYSE:WGO) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Winnebago Industries (NYSE:WGOGet Free Report) posted its quarterly earnings results on Thursday. The construction company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07, reports. The business had revenue of $703.60 million during the quarter, compared to analysts’ expectations of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%.

Winnebago Industries Price Performance

Shares of NYSE:WGO opened at $70.06 on Friday. The company has a 50 day moving average of $67.52 and a 200 day moving average of $65.35. The stock has a market cap of $2.05 billion, a P/E ratio of 20.98 and a beta of 1.71. Winnebago Industries has a 12 month low of $53.94 and a 12 month high of $75.42. The company has a current ratio of 2.84, a quick ratio of 1.27 and a debt-to-equity ratio of 0.52.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.24 annualized dividend and a yield of 1.77%. Winnebago Industries’s dividend payout ratio is currently 37.13%.

Insider Activity at Winnebago Industries

In related news, SVP Christopher David West sold 13,564 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total transaction of $937,001.12. Following the completion of the transaction, the senior vice president now owns 26,309 shares of the company’s stock, valued at $1,817,425.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. grew its stake in Winnebago Industries by 0.3% in the 2nd quarter. Sei Investments Co. now owns 48,223 shares of the construction company’s stock worth $3,216,000 after buying an additional 154 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Winnebago Industries by 5.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,827 shares of the construction company’s stock worth $228,000 after buying an additional 187 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Winnebago Industries by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock worth $1,073,000 after buying an additional 192 shares in the last quarter. California State Teachers Retirement System grew its stake in Winnebago Industries by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,763 shares of the construction company’s stock worth $2,452,000 after buying an additional 212 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Winnebago Industries by 6.2% in the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after buying an additional 232 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have commented on WGO. DA Davidson raised their price target on shares of Winnebago Industries from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, December 26th. Truist Financial reduced their target price on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Roth Mkm reiterated a “neutral” rating and issued a $70.00 target price on shares of Winnebago Industries in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.40.

Check Out Our Latest Stock Analysis on Winnebago Industries

Winnebago Industries Company Profile

(Get Free Report)

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.

See Also

Earnings History for Winnebago Industries (NYSE:WGO)

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.