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 paid a dividend of 0.34 per share by the construction company on Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.84%.

Winnebago Industries has increased its dividend payment by an average of 29.4% per year over the last three years. Winnebago Industries has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE:WGO traded up $0.72 during midday trading on Wednesday, hitting $35.45. The company had a trading volume of 728,781 shares, compared to its average volume of 629,562. Winnebago Industries has a twelve month low of $34.12 and a twelve month high of $74.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. 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’s 50-day simple moving average is $43.47 and its 200-day simple moving average is $51.81.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results 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 firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period in the previous year, the firm posted $1.06 EPS. The company’s revenue was down 18.0% compared to the same quarter last year. On average, research analysts predict that Winnebago Industries will post 3.41 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on WGO shares. Citigroup dropped their price objective on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. DA Davidson lowered their target price 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, Truist Financial increased their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.22.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is owned by corporate insiders.

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.