Winnebago Industries, Inc. Announces Quarterly Dividend of $0.34 (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, December 18th,RTT News reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.34 per share by the construction company on Wednesday, January 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.63%.

Winnebago Industries has raised its dividend by an average of 35.5% annually over the last three years. Winnebago Industries has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $4.88 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 27.9%.

Winnebago Industries Price Performance

Shares of NYSE:WGO opened at $51.70 on Thursday. The company has a market cap of $1.50 billion, a P/E ratio of 172.34 and a beta of 1.60. The business has a fifty day simple moving average of $57.94 and a 200-day simple moving average of $57.41. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). The business had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. Equities research analysts forecast that Winnebago Industries will post 3.52 EPS for the current year.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Benchmark cut their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus target price of $68.13.

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.