Winnebago Industries, Inc. (WGO) – What Are Investment Firms Saying About This Stock?

Winnebago Industries, Inc. (NYSE:WGO) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

WGO has been the topic of a number of analyst reports. Seaport Research Partners initiated coverage on shares of Winnebago Industries in a report on Monday, July 27th. They issued a “neutral” rating on the stock. Citigroup boosted their price target on shares of Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Raymond James Financial reiterated a “market perform” rating on shares of Winnebago Industries in a research note on Wednesday, October 21st. Zacks Research upgraded shares of Winnebago Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, BMO Capital Markets dropped their target price on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd.

Winnebago Industries Trading Up 1.0%

NYSE WGO opened at $30.54 on Monday. The company has a market cap of $868.56 million, a price-to-earnings ratio of 25.24 and a beta of 1.18. Winnebago Industries has a 52 week low of $21.95 and a 52 week high of $50.16. The business has a 50 day moving average price of $27.49 and a 200-day moving average price of $32.82. The company has a quick ratio of 1.04, a current ratio of 2.17 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. As a group, equities analysts expect that Winnebago Industries will post 1.94 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio is presently 119.01%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 1,235 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the transaction, the senior vice president owned 31,373 shares in the company, valued at $995,465.29. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.68, for a total value of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares of the company’s stock, valued at $11,416,725.32. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock worth $511,658 in the last three months. 4.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Aviance Capital Partners LLC grew its stake in Winnebago Industries by 1.8% during the third quarter. Aviance Capital Partners LLC now owns 28,671 shares of the RV manufacturer’s stock valued at $756,000 after acquiring an additional 520 shares in the last quarter. Unison Advisors LLC lifted its stake in Winnebago Industries by 2.4% in the 3rd quarter. Unison Advisors LLC now owns 19,877 shares of the RV manufacturer’s stock worth $524,000 after purchasing an additional 459 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in Winnebago Industries by 9,719.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,677 shares of the RV manufacturer’s stock worth $176,000 after purchasing an additional 6,609 shares in the last quarter. Inspire Investing LLC lifted its stake in Winnebago Industries by 12.4% in the 3rd quarter. Inspire Investing LLC now owns 24,043 shares of the RV manufacturer’s stock worth $634,000 after purchasing an additional 2,659 shares in the last quarter. Finally, NFSG Corp boosted its holdings in Winnebago Industries by 82.9% in the 3rd quarter. NFSG Corp now owns 3,200 shares of the RV manufacturer’s stock valued at $84,000 after purchasing an additional 1,450 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.