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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $69.57.

Several equities analysts have recently commented on the company. Truist Financial cut their price target 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. Citigroup upped their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Benchmark initiated coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, Roth Mkm decreased their price objective on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st.

Winnebago Industries Trading Up 1.6 %

WGO stock opened at $61.74 on Tuesday. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42. The firm’s 50-day moving average is $56.99 and its 200 day moving average is $63.21. The company has a market capitalization of $1.79 billion, a PE ratio of 23.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35.

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

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.01%. The ex-dividend date was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is currently 47.88%.

Insiders Place Their Bets

In other news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the transaction, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently bought and sold shares of WGO. 1832 Asset Management L.P. increased its stake in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares in the last quarter. Broad Peak Investment Holdings Ltd. grew its holdings in shares of Winnebago Industries by 108.2% during the fourth quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after buying an additional 380,200 shares during the last quarter. Pacer Advisors Inc. lifted its position in Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after acquiring an additional 208,452 shares during the period. Norges Bank purchased a new stake in Winnebago Industries during the 4th quarter valued at about $13,809,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Winnebago Industries by 10.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after purchasing an additional 161,987 shares during the period.

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.