Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $68.13.

A number of brokerages have issued reports on WGO. Northcoast Research upgraded Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a research report on Monday, November 11th. Robert W. Baird decreased their price target on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday, October 29th.

Winnebago Industries Price Performance

Shares of WGO stock traded down $1.95 on Friday, reaching $49.98. The company's stock had a trading volume of 3,318,613 shares, compared to its average volume of 597,085. The stock's fifty day simple moving average is $57.85 and its 200-day simple moving average is $57.38. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $74.61. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 166.61 and a beta of 1.60. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results 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). The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business's quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries's dividend payout ratio (DPR) is presently 453.33%.

Insider Transactions at Winnebago Industries

In related news, Director William C. Fisher bought 2,000 shares of the company's stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares of the company's stock, valued at $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now directly owns 23,728 shares of the company's stock, valued at approximately $1,343,953.92. The trade was 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.

Hedge Funds Weigh In On Winnebago Industries

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock worth $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock valued at $41,000 after acquiring an additional 286 shares in the last quarter. Innealta Capital LLC purchased a new position in Winnebago Industries in the second quarter worth $45,000. Quarry LP increased its position in shares of Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after purchasing an additional 848 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Winnebago Industries during the 2nd quarter valued at $76,000.

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.