Winnebago Industries, Inc. to Issue Dividend of $0.34 (NYSE:WGO)

Winnebago Industries, Inc. (NYSE:WGO) declared a dividend on Thursday, August 15th, NASDAQ reports. Stockholders of record on Wednesday, September 11th will be paid a dividend of 0.34 per share by the construction company on Wednesday, September 25th. The ex-dividend date of this dividend is Wednesday, September 11th.

Winnebago Industries has increased its dividend payment by an average of 35.5% per year over the last three years. Winnebago Industries has a dividend payout ratio of 21.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Winnebago Industries to earn $5.63 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 22.0%.

Winnebago Industries Price Performance

WGO traded up $0.25 on Friday, hitting $58.01. 379,396 shares of the company were exchanged, compared to its average volume of 577,977. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The business’s fifty day moving average is $56.28 and its 200 day moving average is $62.38. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The firm has a market capitalization of $1.68 billion, a P/E ratio of 22.38 and a beta of 1.66.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.17). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. During the same quarter in the previous year, the company posted $2.13 earnings per share. The company’s quarterly revenue was down 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Winnebago Industries will post 4.19 EPS for the current year.

Analysts Set New Price Targets

WGO has been the topic of several recent research reports. Truist Financial reduced their price target on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a report on Monday, July 8th. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Roth Mkm reduced their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Robert W. Baird cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Finally, Citigroup increased their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and an average price target of $69.57.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.75% of the company’s stock.

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.