Winnebago Industries (NYSE:WGO) Shares Gap Up - Should You Buy?

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $34.76, but opened at $38.20. Winnebago Industries shares last traded at $36.11, with a volume of 329,441 shares traded.

Analysts Set New Price Targets

WGO has been the topic of a number of recent research reports. Citigroup dropped their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a research note on Friday. KeyCorp reduced their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Truist Financial lowered their target price on shares of Winnebago Industries from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Friday. Finally, DA Davidson reduced their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $58.00.

Winnebago Industries Trading Down 1.5 %

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 business's fifty day moving average is $41.45 and its 200 day moving average is $50.57. The stock has a market cap of $972.28 million, a PE ratio of -51.98 and a beta of 1.70.

Remove Ads

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS 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 business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same quarter in the previous year, the company earned $0.93 EPS. The company's quarterly revenue was down 11.9% on a year-over-year basis. As a group, analysts predict that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries's dividend payout ratio is currently -206.06%.

Insider Transactions 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 directly owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

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

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.