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

Winnebago Industries, Inc. (NYSE:WGO) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $66.63.

A number of research analysts have issued reports on WGO shares. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Monday, November 11th. DA Davidson reduced their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial reduced their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird lowered their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th.

Insider Transactions at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its position in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after acquiring an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Winnebago Industries by 13.8% in the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock worth $61,918,000 after purchasing an additional 138,327 shares in the last quarter. State Street Corp lifted its stake in Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after purchasing an additional 6,979 shares during the last quarter. American Century Companies Inc. raised its stake in Winnebago Industries by 8.8% during the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after acquiring an additional 69,453 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after buying an additional 54,272 shares during the period.

Winnebago Industries Trading Down 0.2 %

Shares of Winnebago Industries stock opened at $47.89 on Friday. Winnebago Industries has a 1 year low of $47.10 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The business has a 50 day moving average price of $57.26 and a 200 day moving average price of $57.09. The company has a market capitalization of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business’s revenue was down 18.0% compared to the same quarter last year. During the same period last year, the firm earned $1.06 earnings per share. Sell-side analysts anticipate that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

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.