Winnebago Industries (NYSE:WGO) Trading Up 5% - Here's Why

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) rose 5% during mid-day trading on Thursday . The company traded as high as $36.67 and last traded at $36.63. Approximately 358,599 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 621,700 shares. The stock had previously closed at $34.89.

Analysts Set New Price Targets

WGO has been the subject of a number of research analyst reports. Northcoast Research raised shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a report on Monday, November 11th. Truist Financial raised their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, February 10th. KeyCorp raised shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 target price for the company in a report on Wednesday, January 8th. DA Davidson reduced their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Finally, StockNews.com raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of "Moderate Buy" and an average target price of $65.00.

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Winnebago Industries Trading Up 2.2 %

The company has a market cap of $1.07 billion, a price-to-earnings ratio of -57.05 and a beta of 1.70. 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 company's 50-day moving average is $45.22 and its 200 day moving average is $53.03.

Winnebago Industries (NYSE:WGO - Get Free Report) last released 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). The firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm's quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. Research analysts predict that Winnebago Industries, Inc. will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.61%. Winnebago Industries's dividend payout ratio is presently -206.06%.

Insider Activity at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, 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 through this link. 4.63% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after purchasing an additional 390 shares during the period. Quarry LP grew its position 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 valued at $50,000 after purchasing an additional 848 shares during the period. Sterling Capital Management LLC grew its position 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 valued at $43,000 after purchasing an additional 807 shares during the period. R Squared Ltd acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at about $43,000. Finally, KBC Group NV grew its position in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company's stock valued at $72,000 after purchasing an additional 587 shares during the period.

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.