Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $64.78.

A number of analysts have recently issued reports on WGO shares. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird reduced 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. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 8th. Truist Financial reduced their price target on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Finally, Benchmark reiterated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after acquiring an additional 245 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares during the period. GAMMA Investing LLC raised its position in 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 during the last quarter. Finally, Lakewood Asset Management LLC lifted its holdings in Winnebago Industries by 7.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock worth $313,000 after buying an additional 355 shares during the period.

Winnebago Industries Trading Up 0.4 %

Winnebago Industries stock opened at $46.58 on Tuesday. The stock has a 50-day simple moving average of $54.75 and a 200 day simple moving average of $56.32. The stock has a market capitalization of $1.32 billion, a P/E ratio of 155.27 and a beta of 1.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries has a 52 week low of $45.44 and a 52 week high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The business’s revenue was down 18.0% compared to the same quarter last year. Analysts expect that Winnebago Industries will post 3.52 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s payout ratio is presently -206.06%.

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.