Winnebago Industries, Inc. (NYSE:WGO) Plans $0.34 Quarterly Dividend

Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Wednesday, April 16th will be given a dividend of 0.34 per share by the construction company on Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 3.84%.

Winnebago Industries has raised its dividend by an average of 29.4% per year over the last three years. Winnebago Industries has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Winnebago Industries to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Trading Up 2.1 %

Winnebago Industries stock opened at $35.45 on Thursday. Winnebago Industries has a 12 month low of $34.12 and a 12 month high of $74.10. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -53.71 and a beta of 1.70. The business has a 50 day moving average price of $43.20 and a two-hundred day moving average price of $51.69. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last released 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). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. As a group, equities analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Insider Buying and Selling at Winnebago Industries

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

Analysts Set New Price Targets

Several research firms have recently weighed in on WGO. Benchmark reiterated a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday. DA Davidson reduced their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Citigroup lowered their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Truist Financial upped their price target 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus price target of $61.22.

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.