Winnebago Industries (NYSE:WGO) Shares Gap Up - Time to Buy?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $47.55, but opened at $49.00. Winnebago Industries shares last traded at $47.52, with a volume of 65,393 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WGO shares. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Benchmark reaffirmed a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. Northcoast Research raised shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 target price on the stock in a research note on Monday, November 11th. Truist Financial lowered their target price on shares of Winnebago Industries from $64.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday. Finally, BMO Capital Markets cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of "Moderate Buy" and an average target price of $64.78.

Winnebago Industries Trading Up 2.1 %

The firm has a market capitalization of $1.38 billion, a P/E ratio of 161.91 and a beta of 1.62. The stock has a 50-day simple moving average of $55.31 and a two-hundred day simple moving average of $56.42. 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 announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm had revenue of $625.60 million for the quarter, compared to analysts' expectations of $672.23 million. During the same quarter in the prior year, the business posted $1.06 EPS. The business's quarterly revenue was down 18.0% on a year-over-year basis. On average, equities research analysts anticipate that Winnebago Industries, Inc. will post 3.52 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.80%. Winnebago Industries's payout ratio is presently -206.06%.

Insider Activity at Winnebago Industries

In other news, Director William C. Fisher acquired 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael J. Happe bought 2,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the completion of the purchase, the chief executive officer now owns 285,953 shares of the company's stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Several hedge funds and other institutional investors have recently made changes to their positions in WGO. GAMMA Investing LLC increased its position in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of Winnebago Industries by 69.1% during 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. Quarry LP raised its position in shares of 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 last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after purchasing an additional 989 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Winnebago Industries during the 2nd quarter worth approximately $110,000.

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.