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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $65.00.

WGO has been the subject of a number of recent research reports. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday, March 6th. Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. DA Davidson reduced their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Truist Financial lifted their price target 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. Finally, KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 8th.

Insiders Place Their Bets

In other Winnebago Industries 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 transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC increased its holdings in Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. raised its stake in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after purchasing an additional 380 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Swiss National Bank raised its stake in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after acquiring an additional 400 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after acquiring an additional 506 shares in the last quarter.

Winnebago Industries Stock Performance

NYSE WGO opened at $35.45 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 1 year low of $34.12 and a 1 year high of $74.10. The company has a market capitalization of $1.01 billion, a PE ratio of -53.71 and a beta of 1.70. The company has a fifty day moving average of $44.78 and a two-hundred day moving average of $52.68.

Winnebago Industries (NYSE:WGO) last announced its 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). The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. As a group, analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

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.