Winnebago Industries (NYSE:WGO) Stock Price Up 3.8% – Still a Buy?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price traded up 3.8% during mid-day trading on Tuesday . The company traded as high as $48.14 and last traded at $47.70. 92,104 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 600,188 shares. The stock had previously closed at $45.96.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WGO. Benchmark reissued a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. DA Davidson decreased their price target 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. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

Winnebago Industries Price Performance

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 159.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $55.97 and its two-hundred day simple moving average is $56.67.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million for 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 quarter in the previous year, the company posted $1.06 earnings per share. On average, analysts forecast that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.85%. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WGO. Pacer Advisors Inc. boosted its stake in Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after acquiring an additional 199,264 shares during the period. Edgestream Partners L.P. purchased a new position in Winnebago Industries during the 2nd quarter valued at about $9,708,000. JPMorgan Chase & Co. increased its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Winnebago Industries by 1,242.6% in the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter.

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.