Winnebago Industries (NYSE:WGO) Stock Price Up 3.8% – Should You Buy?

Shares of Winnebago Industries, Inc. (NYSE:WGO) traded up 3.8% during trading on Tuesday . The stock traded as high as $48.14 and last traded at $47.70. 92,104 shares traded hands during trading, a decline of 85% from the average session volume of 600,188 shares. The stock had previously closed at $45.96.

Wall Street Analyst Weigh In

A number of brokerages have commented on WGO. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. BMO Capital Markets reduced their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial decreased their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Robert W. Baird dropped their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, DA Davidson reduced 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 report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Winnebago Industries has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Stock Performance

The firm has a fifty day moving average price of $55.97 and a two-hundred day moving average price of $56.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The stock has a market capitalization of $1.36 billion, a PE ratio of 159.27 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.06 EPS. Research analysts expect that Winnebago Industries, Inc. will post 3.52 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insiders Place Their Bets

In other news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Fisher bought 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in Winnebago Industries by 13.8% in the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after buying an additional 138,327 shares during the last quarter. State Street Corp raised its position in shares of Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after acquiring an additional 6,979 shares in the last quarter. American Century Companies Inc. raised its holdings in Winnebago Industries by 8.8% during the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after purchasing an additional 69,453 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Winnebago Industries by 25.4% in the third 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 last quarter.

About Winnebago Industries

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.