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 report report published on Tuesday.

A number of other equities analysts have also recently issued reports on the company. Robert W. Baird dropped their target price on Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a report on Friday, June 21st. Roth Mkm decreased 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. Citigroup increased their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a buy rating in a research report on Friday, July 12th. BMO Capital Markets decreased their price target on Winnebago Industries from $80.00 to $75.00 and set an outperform rating on the stock in a research report on Friday, June 21st. Finally, Benchmark started coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a buy rating and a $75.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $69.57.

Winnebago Industries Trading Down 3.0 %

Shares of WGO opened at $56.19 on Tuesday. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $57.23 and a 200-day simple moving average of $61.39. The stock has a market cap of $1.63 billion, a PE ratio of 21.70 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last issued its 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 return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. During the same period in the previous year, the company posted $2.13 earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. On average, sell-side analysts predict that Winnebago Industries will post 4.19 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 47.88%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Winnebago Industries in the 4th quarter worth $30,000. Principal Securities Inc. bought a new position in shares of Winnebago Industries in the 4th quarter worth $39,000. Innealta Capital LLC bought a new position in shares of Winnebago Industries in the 2nd quarter worth $45,000. EntryPoint Capital LLC bought a new position in shares of Winnebago Industries in the 1st quarter worth $75,000. Finally, nVerses Capital LLC bought a new position in shares of Winnebago Industries in the 2nd quarter worth $76,000.

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.