Winnebago Industries (NYSE:WGO) Shares Gap Up – Still a Buy?

Shares of Winnebago Industries, Inc. (NYSE:WGO) gapped up prior to trading on Wednesday . The stock had previously closed at $47.55, but opened at $49.00. Winnebago Industries shares last traded at $47.52, with a volume of 65,393 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on WGO. DA Davidson lowered their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Truist Financial dropped their target price on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. Benchmark reiterated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a research note on Wednesday. Finally, Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average price target of $64.78.

Winnebago Industries Trading Down 0.3 %

The business has a 50 day moving average of $55.49 and a two-hundred day moving average of $56.48. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 158.11 and a beta of 1.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

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

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.87%. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Insider Transactions at Winnebago Industries

In other news, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction on Monday, October 28th. The shares were purchased at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the transaction, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors and hedge funds have recently modified their holdings of WGO. Sanctuary Advisors LLC boosted its position in Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the period. Commonwealth Equity Services LLC grew its position in Winnebago Industries by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after buying an additional 294 shares during the period. GAMMA Investing LLC increased its holdings in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Finally, Lakewood Asset Management LLC boosted its stake in Winnebago Industries by 7.1% in the third quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock valued at $313,000 after acquiring an additional 355 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.