Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Rating of “Moderate Buy” by Analysts

Winnebago Industries, Inc. (NYSE:WGO) has been given an average recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $66.63.

Several brokerages recently weighed in on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Benchmark restated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. Finally, Robert W. Baird decreased their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Insider Buying and Selling

In other Winnebago Industries news, CEO Michael J. Happe acquired 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the purchase, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. The trade was a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Several institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its stake in shares of Winnebago Industries by 13.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 34,495 shares of the construction company’s stock valued at $1,870,000 after buying an additional 4,103 shares during the period. Louisiana State Employees Retirement System boosted its position in Winnebago Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock valued at $797,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Winnebago Industries by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after purchasing an additional 1,681 shares during the last quarter. Legato Capital Management LLC purchased a new position in Winnebago Industries in the second quarter valued at about $490,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Winnebago Industries by 12.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,554 shares of the construction company’s stock worth $355,000 after purchasing an additional 711 shares during the last quarter.

Winnebago Industries Stock Down 0.2 %

WGO stock opened at $47.89 on Friday. The firm’s 50-day moving average is $57.26 and its two-hundred day moving average is $57.09. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 159.64 and a beta of 1.60. Winnebago Industries has a 52 week low of $47.10 and a 52 week high of $74.61.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. On average, analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.84%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Winnebago Industries Company Profile

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.