Winnebago Industries (NYSE:WGO) Posts Earnings Results, Hits Expectations

Winnebago Industries (NYSE:WGO) posted its quarterly earnings results on Wednesday. The RV manufacturer reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27, FiscalAI reports. The company had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a net margin of 1.27% and a return on equity of 4.83%.

Winnebago Industries Trading Up 2.1%

Shares of WGO stock opened at $35.07 on Wednesday. Winnebago Industries has a 1-year low of $28.00 and a 1-year high of $50.16. The company has a current ratio of 2.69, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock has a market cap of $989.62 million, a price-to-earnings ratio of 27.40 and a beta of 1.14. The stock has a 50-day moving average of $42.62 and a 200-day moving average of $38.79.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, April 15th. Winnebago Industries’s payout ratio is 109.38%.

Analyst Ratings Changes

Several brokerages recently commented on WGO. DA Davidson increased their price objective on shares of Winnebago Industries from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, December 23rd. Citigroup boosted their target price on shares of Winnebago Industries from $51.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Griffin Securities set a $40.00 price target on shares of Winnebago Industries in a report on Tuesday, December 23rd. Roth Mkm increased their price target on Winnebago Industries from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Finally, Benchmark raised their price objective on Winnebago Industries from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Winnebago Industries currently has an average rating of “Hold” and a consensus price target of $42.80.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Winnebago Industries by 5.5% during the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares during the period. AQR Capital Management LLC lifted its position in shares of Winnebago Industries by 283.0% in the 1st quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock worth $2,243,000 after purchasing an additional 48,105 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock worth $568,000 after purchasing an additional 401 shares during the period. First Trust Advisors LP boosted its stake in shares of Winnebago Industries by 83.9% in the 2nd quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock valued at $1,004,000 after purchasing an additional 15,801 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Winnebago Industries by 142.3% during the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after buying an additional 137,120 shares during the period.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.