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 analysts have also recently issued reports on WGO. Roth Mkm reduced their price objective on Winnebago Industries from $70.00 to $59.00 and set a neutral rating for the company in a research report on Friday, June 21st. Truist Financial reduced their price objective on Winnebago Industries from $68.00 to $65.00 and set a buy rating for the company in a research report on Monday, July 8th. Citigroup lifted their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a buy rating in a research report on Friday, July 12th. Benchmark started coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a buy rating and a $75.00 price objective for the company. Finally, BMO Capital Markets reduced their price objective on Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $69.57.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $56.19 on Tuesday. The stock has a market cap of $1.63 billion, a PE ratio of 21.70 and a beta of 1.62. The business has a fifty day simple moving average of $57.23 and a 200-day simple moving average of $61.39. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42.

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

Winnebago Industries Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is currently 47.88%.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction dated 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 $2,395,443.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently made changes to their positions in the business. Capstone Investment Advisors LLC bought a new position in Winnebago Industries during the first quarter valued at about $1,182,000. Bayesian Capital Management LP bought a new position in Winnebago Industries during the first quarter valued at about $681,000. Duality Advisers LP bought a new position in Winnebago Industries during the first quarter valued at about $1,212,000. 1832 Asset Management L.P. increased its stake in Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after acquiring an additional 832,187 shares during the period. Finally, Confluence Investment Management LLC bought a new position in Winnebago Industries during the first quarter valued at about $4,001,000.

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.