StockNews.com Upgrades Winnebago Industries (NYSE:WGO) to Hold

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a report issued on Tuesday morning.

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

Winnebago Industries Trading Down 1.8 %

Shares of Winnebago Industries stock opened at $34.36 on Tuesday. Winnebago Industries has a 1 year low of $33.62 and a 1 year high of $74.10. The company’s fifty day simple moving average is $42.20 and its 200-day simple moving average is $50.98. The company has a market cap of $975.72 million, a price-to-earnings ratio of -52.06 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Intech Investment Management LLC lifted its holdings in Winnebago Industries by 123.5% during the 3rd quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after buying an additional 7,715 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after buying an additional 54,272 shares during the period. Quantbot Technologies LP raised its position in shares of Winnebago Industries by 94.5% during the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 31,242 shares during the last quarter. FMR LLC lifted its stake in shares of Winnebago Industries by 76.0% during the third quarter. FMR LLC now owns 3,623 shares of the construction company’s stock valued at $211,000 after acquiring an additional 1,565 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Winnebago Industries by 23.6% in the third quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock valued at $921,000 after acquiring an additional 3,030 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.