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

Winnebago Industries, Inc. (NYSE:WGO) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $66.63.

WGO has been the topic of a number of research analyst reports. Robert W. Baird decreased their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial lowered their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday. BMO Capital Markets decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th.

Winnebago Industries Stock Performance

NYSE WGO opened at $48.10 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 160.34 and a beta of 1.60. The business’s 50 day moving average is $56.76 and its two-hundred day moving average is $56.96. Winnebago Industries has a 12-month low of $47.10 and a 12-month high of $74.61. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data 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). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period in the prior year, the company earned $1.06 EPS. The company’s revenue was down 18.0% on a year-over-year basis. Research analysts expect that Winnebago Industries will post 3.52 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Fisher acquired 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Winnebago Industries during the third quarter worth approximately $333,000. Sanctuary Advisors LLC raised its stake in Winnebago Industries by 3.6% during 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 period. TT International Asset Management LTD boosted its holdings in shares of Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock valued at $3,074,000 after purchasing an additional 45,771 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of Winnebago Industries by 105.6% during the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after buying an additional 8,837 shares during the period.

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.