Winnebago Industries, Inc. (NYSE:WGO) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $65.00.

A number of equities research analysts have issued reports on the stock. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a report on Wednesday, January 8th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial lifted their price target on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. DA Davidson reduced their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries 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 completion of the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP boosted its stake in Winnebago Industries by 40.6% in 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 buying an additional 474,273 shares in the last quarter. Barclays PLC boosted its stake in shares of Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after purchasing an additional 168,055 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Winnebago Industries by 204.8% during the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock worth $10,225,000 after purchasing an additional 143,800 shares in the last quarter.

Winnebago Industries Stock Up 1.5 %

Shares of WGO stock opened at $45.07 on Friday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -68.29 and a beta of 1.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock’s 50 day simple moving average is $48.72 and its 200 day simple moving average is $54.82. Winnebago Industries has a twelve month low of $43.69 and a twelve month high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Winnebago Industries’s quarterly revenue was down 18.0% compared to the same quarter last year. As a group, research analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.02%. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

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.