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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $58.00.

A number of research firms recently issued reports on WGO. Citigroup dropped their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Truist Financial decreased their target price on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. KeyCorp dropped their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, BMO Capital Markets reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday.

Winnebago Industries Price Performance

WGO stock opened at $34.74 on Friday. 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 firm has a market cap of $986.60 million, a price-to-earnings ratio of -52.64 and a beta of 1.70. The company’s fifty day simple moving average is $41.45 and its 200 day simple moving average is $50.60. Winnebago Industries has a 12-month low of $33.62 and a 12-month high of $74.00.

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

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC grew its holdings in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares in the last quarter. Quarry LP grew its stake in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the period. Sterling Capital Management LLC increased its position in shares of Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after purchasing an additional 807 shares during the last quarter. R Squared Ltd bought a new stake in shares of Winnebago Industries during the 4th quarter worth $43,000. Finally, KBC Group NV boosted its holdings in shares of Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after buying an additional 587 shares during 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.