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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.57.

A number of research firms have recently issued reports on WGO. Roth Mkm reduced their price target 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. BMO Capital Markets decreased their price target on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Citigroup lifted their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Robert W. Baird cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Finally, Benchmark assumed coverage on Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 target price for the company.

Winnebago Industries Trading Up 2.9 %

Shares of Winnebago Industries stock opened at $58.55 on Wednesday. The stock has a 50 day moving average of $57.59 and a 200 day moving average of $60.64. 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 firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 22.67 and a beta of 1.62. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42.

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

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.32%. Winnebago Industries’s dividend payout ratio is 52.51%.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares in the company, valued at $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC purchased a new stake in shares of Winnebago Industries during the 1st quarter worth $1,182,000. Bayesian Capital Management LP purchased a new position in shares of Winnebago Industries in the 1st quarter valued at about $681,000. Duality Advisers LP acquired a new stake in shares of Winnebago Industries during the 1st quarter worth about $1,212,000. Confluence Investment Management LLC purchased a new stake in Winnebago Industries during the first quarter worth approximately $4,001,000. Finally, 1832 Asset Management L.P. boosted its holdings in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares in the last quarter.

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.