Winnebago Industries (NYSE:WGO) Rating Increased 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 morning.

Several other equities analysts have also recently weighed in on WGO. Citigroup cut their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. KeyCorp reduced their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Truist Financial raised their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, DA Davidson cut their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Winnebago Industries Trading Up 8.4 %

Shares of WGO stock opened at $37.67 on Tuesday. Winnebago Industries has a 12 month low of $33.62 and a 12 month high of $74.10. The company has a market cap of $1.07 billion, a PE ratio of -57.07 and a beta of 1.70. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $41.71 and its two-hundred day moving average is $50.78.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Equities analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.61%. Winnebago Industries’s payout ratio is currently -206.06%.

Insider Buying and Selling

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value 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 represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after acquiring an additional 48,517 shares during the period. First Trust Advisors LP lifted its holdings in Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares during the last quarter. State Street Corp boosted its position in Winnebago Industries by 0.6% in the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after buying an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock worth $29,889,000 after buying an additional 50,634 shares during the last quarter.

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.