Winnebago Industries’ (WGO) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Winnebago Industries (NYSE:WGO) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $70.00 target price on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Truist Financial lowered their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. BMO Capital Markets cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, 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 report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Price Performance

Shares of WGO opened at $47.89 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The firm has a market capitalization of $1.38 billion, a PE ratio of 159.64 and a beta of 1.60. The stock has a 50 day simple moving average of $57.01 and a 200 day simple moving average of $57.02. Winnebago Industries has a 52-week low of $47.10 and a 52-week high of $74.61.

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 analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share. Sell-side analysts predict that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.84%. Winnebago Industries’s payout ratio is presently -206.06%.

Insider Transactions at Winnebago Industries

In other news, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in WGO. GAMMA Investing LLC boosted its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC grew its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC bought a new stake in shares of Winnebago Industries during the second quarter valued at approximately $45,000. Quarry LP raised its position in shares of Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Winnebago Industries in the 2nd quarter worth $76,000.

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.