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

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on WGO. Truist Financial lowered their price target on Winnebago Industries from $74.00 to $70.00 and set a buy rating for the company in a report on Wednesday, December 20th. Roth Mkm restated a neutral rating and set a $70.00 target price on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, DA Davidson raised their target price on Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a report on Tuesday, March 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $71.80.

Winnebago Industries Stock Down 1.2 %

Shares of NYSE:WGO opened at $62.37 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $68.23 and a two-hundred day moving average of $66.38. The stock has a market cap of $1.83 billion, a P/E ratio of 18.67 and a beta of 1.71. Winnebago Industries has a 52-week low of $54.70 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $703.60 million during the quarter, compared to analysts’ expectations of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. On average, research analysts expect that Winnebago Industries will post 5.2 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio (DPR) is presently 37.13%.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Confluence Investment Management LLC acquired a new stake in shares of Winnebago Industries during the 1st quarter worth about $4,001,000. Quadrature Capital Ltd purchased a new position in Winnebago Industries during the 4th quarter worth approximately $704,000. Goldman Sachs Group Inc. grew its stake in Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after buying an additional 161,987 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Winnebago Industries by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,328 shares of the construction company’s stock worth $1,555,000 after buying an additional 432 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in Winnebago Industries by 164.5% during the 4th quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock worth $39,000 after buying an additional 329 shares during 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.