Winnebago Industries, Inc. (NYSE:WGO) Announces $0.34 Quarterly Dividend

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Wednesday, April 16th will be paid a dividend of 0.34 per share by the construction company on Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 3.92%. The ex-dividend date is Wednesday, April 16th.

Winnebago Industries has raised its dividend payment by an average of 29.4% annually over the last three years. Winnebago Industries has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Trading Down 0.5 %

WGO stock traded down $0.17 during trading on Friday, hitting $34.67. 5,156,463 shares of the company traded hands, compared to its average volume of 637,884. Winnebago Industries has a 1 year low of $33.62 and a 1 year high of $74.10. 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 company has a 50-day moving average of $42.69 and a 200-day moving average of $51.35. The firm has a market capitalization of $984.52 million, a PE ratio of -52.53 and a beta of 1.70.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $625.60 million during the quarter, compared to analysts' expectations of $672.23 million. During the same quarter last year, the business posted $1.06 EPS. The company's quarterly revenue was down 18.0% compared to the same quarter last year. Analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

WGO has been the subject of a number of research analyst reports. Citigroup lowered their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday. Benchmark reissued a "buy" rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial lifted their target price 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 price objective on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday. Finally, DA Davidson cut their price objective on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $60.00.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.63% of the company's stock.

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.