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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $69.57.

WGO has been the topic of several recent analyst reports. Truist Financial cut their target price on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Roth Mkm reduced their price objective on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Friday, June 21st. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Benchmark started coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 price target on the stock. Finally, Robert W. Baird decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, June 21st.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in Winnebago Industries by 7,188.0% during the fourth quarter. International Assets Investment Management LLC now owns 10,932 shares of the construction company’s stock valued at $797,000 after acquiring an additional 10,782 shares during the period. Russell Investments Group Ltd. grew its position in shares of Winnebago Industries by 22.9% during the fourth quarter. Russell Investments Group Ltd. now owns 22,109 shares of the construction company’s stock worth $1,611,000 after purchasing an additional 4,123 shares in the last quarter. Principal Securities Inc. bought a new stake in Winnebago Industries during the 4th quarter valued at approximately $39,000. Dimensional Fund Advisors LP lifted its holdings in Winnebago Industries by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock worth $161,448,000 after purchasing an additional 44,987 shares in the last quarter. Finally, Savvy Advisors Inc. bought a new position in Winnebago Industries in the 4th quarter worth approximately $292,000.

Winnebago Industries Price Performance

Shares of NYSE:WGO opened at $56.53 on Wednesday. The business has a fifty day moving average price of $57.48 and a 200-day moving average price of $60.74. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The company has a market capitalization of $1.64 billion, a PE ratio of 21.83 and a beta of 1.62. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $798.26 million. During the same period last year, the firm posted $2.13 earnings per share. The firm’s quarterly revenue was down 12.7% on a year-over-year basis. As a group, equities analysts expect that Winnebago Industries will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a $0.34 dividend. The ex-dividend date is Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a yield of 2.41%. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

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.