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

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a report released on Tuesday morning.

WGO has been the subject of a number of other research reports. KeyCorp cut their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. DA Davidson reduced their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Citigroup dropped their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Truist Financial upped their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Winnebago Industries Trading Up 8.4 %

Shares of WGO stock opened at $37.67 on Tuesday. Winnebago Industries has a fifty-two week low of $33.62 and a fifty-two week high of $74.10. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.07 billion, a P/E ratio of -57.07 and a beta of 1.70. The stock has a 50-day simple moving average of $41.71 and a 200 day simple moving average of $50.78.

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

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s payout ratio is presently -206.06%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was 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 in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the last quarter. Quarry LP increased its stake in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Winnebago Industries by 823.5% during 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 during the last quarter. R Squared Ltd bought a new position in shares of Winnebago Industries during the 4th quarter valued at $43,000. Finally, KBC Group NV lifted its stake in shares of Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after purchasing an additional 587 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.