Winnebago Industries (NYSE:WGO) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research note issued to investors on Thursday.

Other equities research analysts also recently issued research reports about the stock. Robert W. Baird decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an outperform rating on the stock in a research note on Friday, June 21st. BMO Capital Markets lowered their price objective on Winnebago Industries from $80.00 to $75.00 and set an outperform rating on the stock in a research note on Friday, June 21st. Benchmark began coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a buy rating and a $75.00 target price for the company. Roth Mkm lowered their price target on Winnebago Industries from $70.00 to $59.00 and set a neutral rating on the stock in a research report on Friday, June 21st. Finally, Truist Financial cut their price objective on Winnebago Industries from $68.00 to $65.00 and set a buy rating for the company in a report on Monday, July 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $70.00.

Winnebago Industries Stock Down 0.7 %

Shares of WGO opened at $59.11 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The company has a 50-day simple moving average of $58.05 and a 200-day simple moving average of $60.37. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The firm has a market capitalization of $1.71 billion, a P/E ratio of 22.82 and a beta of 1.62.

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

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.30%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s payout ratio is currently 52.51%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in Winnebago Industries during the 4th quarter valued at about $39,000. Innealta Capital LLC bought a new position in Winnebago Industries in the second quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth $75,000. nVerses Capital LLC acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at $76,000. Finally, TFO Wealth Partners LLC boosted its position in shares of Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after purchasing an additional 2,006 shares during the last quarter.

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.