Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $69.57.

A number of research firms recently weighed in on WGO. Robert W. Baird decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Benchmark started coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 price target for the company. Truist Financial cut their price target on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, July 8th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, Roth Mkm cut their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st.

Winnebago Industries Stock Up 2.2 %

WGO stock opened at $60.76 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. The company has a 50-day moving average of $56.98 and a two-hundred day moving average of $63.29. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 23.46 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $798.26 million. During the same quarter last year, the company earned $2.13 earnings per share. The firm’s revenue was down 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Winnebago Industries will post 4.19 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is 47.88%.

Insider Activity

In other news, SVP Stacy L. Bogart sold 3,333 shares of the business’s stock in a transaction on 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 owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in WGO. Pacer Advisors Inc. lifted its position in Winnebago Industries by 44.7% in the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock valued at $49,212,000 after acquiring an additional 208,452 shares in the last quarter. IFG Advisory LLC lifted its position in Winnebago Industries by 68.2% in the 4th quarter. IFG Advisory LLC now owns 65,789 shares of the construction company’s stock valued at $4,795,000 after acquiring an additional 26,669 shares in the last quarter. Broad Peak Investment Holdings Ltd. lifted its position in Winnebago Industries by 108.2% in the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after acquiring an additional 380,200 shares in the last quarter. International Assets Investment Management LLC lifted its position in Winnebago Industries by 7,188.0% in the 4th quarter. International Assets Investment Management LLC now owns 10,932 shares of the construction company’s stock valued at $797,000 after acquiring an additional 10,782 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in Winnebago Industries in the 4th quarter valued at $1,093,000.

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.