Winnebago Industries (NYSE:WGO) Stock Price Up 5% – Should You Buy?

Winnebago Industries, Inc. (NYSE:WGO) traded up 5% during trading on Thursday . The stock traded as high as $36.67 and last traded at $36.63. 358,599 shares traded hands during trading, a decline of 42% from the average session volume of 621,700 shares. The stock had previously closed at $34.89.

Analysts Set New Price Targets

WGO has been the subject of a number of research analyst reports. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a report on Wednesday, January 8th. Truist Financial raised their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday. DA Davidson reduced 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. Finally, Benchmark reiterated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Winnebago Industries Stock Performance

The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average is $45.41 and its two-hundred day moving average is $53.20. The firm has a market cap of $1.07 billion, a P/E ratio of -57.05 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries’s revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. As a group, equities analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insiders Place Their Bets

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC boosted its stake in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. R Squared Ltd purchased a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $43,000. Sterling Capital Management LLC boosted its position in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after purchasing an additional 807 shares in the last quarter. Quarry LP grew its stake in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after buying an additional 848 shares during the last quarter. Finally, KBC Group NV increased its position in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after buying an additional 587 shares in 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.