Winnebago Industries (NYSE:WGO) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO - Free Report) from a sell rating to a hold rating in a research report sent to investors on Thursday.

A number of other brokerages have also commented on WGO. DA Davidson decreased 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. KeyCorp raised Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th. Northcoast Research raised Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective for the company in a report on Monday, November 11th. Benchmark reissued a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, Truist Financial boosted their price objective on Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $65.00.

Remove Ads

Winnebago Industries Stock Up 2.2 %

Shares of Winnebago Industries stock traded up $0.81 during trading on Thursday, reaching $37.66. 1,252,151 shares of the company traded hands, compared to its average volume of 624,091. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 1-year low of $34.12 and a 1-year high of $74.10. The company has a 50 day moving average price of $45.22 and a 200-day moving average price of $53.03. The firm has a market capitalization of $1.07 billion, a PE ratio of -57.05 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 for the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the previous year, the company posted $1.06 EPS. The business's quarterly revenue was down 18.0% on a year-over-year basis. As a group, equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

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

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 of the company's stock, valued at approximately $486,855.20. This 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 accessible through this link. 4.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company's stock worth $104,250,000 after acquiring an additional 48,517 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. State Street Corp lifted its position in shares of Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company's stock worth $65,711,000 after acquiring an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Winnebago Industries by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock worth $29,889,000 after acquiring an additional 50,634 shares in the last quarter.

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.