Winnebago Industries (NYSE:WGO) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Winnebago Industries (NYSE:WGO) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks reports.

Several other brokerages have also issued reports on WGO. Wall Street Zen lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Sunday. Northcoast Research lowered Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 1st. Truist Financial dropped their price objective on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Winnebago Industries in a research report on Friday, August 7th. Finally, BMO Capital Markets reduced their target price on Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.33.

Winnebago Industries Stock Up 3.5%

NYSE WGO opened at $30.35 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $31.06 and a two-hundred day moving average of $32.35. The firm has a market capitalization of $857.99 million, a price-to-earnings ratio of 22.32 and a beta of 1.12. Winnebago Industries has a 52 week low of $26.80 and a 52 week high of $50.16.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million during the quarter, compared to analysts’ expectations of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The company’s revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. On average, analysts predict that Winnebago Industries will post 1.81 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be given a dividend of $0.36 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.7%. Winnebago Industries’s payout ratio is 102.94%.

Insider Activity

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total value of $39,186.55. Following the sale, the senior vice president owned 31,373 shares of the company’s stock, valued at $995,465.29. This trade represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 15,694 shares of company stock valued at $511,658. Company insiders own 4.88% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. Northwestern Mutual Wealth Management Co. lifted its position in Winnebago Industries by 90.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in shares of Winnebago Industries during the 4th quarter valued at $35,000. Allworth Financial LP acquired a new stake in shares of Winnebago Industries in the 2nd quarter worth $33,000. Hantz Financial Services Inc. grew its stake in Winnebago Industries by 36.2% during the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after buying an additional 435 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Winnebago Industries by 15.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after buying an additional 309 shares during the last quarter.

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.