Winnebago Industries (NYSE:WGO) Shares Gap Up – Should You Buy?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $34.76, but opened at $38.20. Winnebago Industries shares last traded at $36.11, with a volume of 329,441 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WGO. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial cut their price objective on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday. Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Finally, BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and an average target price of $58.00.

Winnebago Industries Stock Down 7.5 %

The firm has a market cap of $986.60 million, a P/E ratio of -52.64 and a beta of 1.70. The firm’s fifty day moving average is $41.45 and its 200 day moving average is $50.63. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business’s revenue was down 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.63% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

Several large investors have recently made changes to their positions in WGO. Vanguard Group Inc. increased its position in Winnebago Industries by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after purchasing an additional 48,517 shares in the last quarter. First Trust Advisors LP raised its position in shares of Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. State Street Corp lifted its stake in Winnebago Industries by 0.6% in the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after buying an additional 6,979 shares during the period. JPMorgan Chase & Co. lifted its position 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 valued at $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after purchasing an additional 50,634 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.