Winnebago Industries, Inc. (NYSE:WGO) Stock Now Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate Winnebago “Hold” on average: Nine of 12 analysts recommend holding the stock, while three recommend buying it. The average 12-month price target is $36.22.
• Recent analyst sentiment has been mixed: Several firms lowered their price targets, including Roth Capital to $32 and Truist Financial to $35, while Truist maintained a “Buy” rating.
• Winnebago raised its quarterly dividend to $0.36 per share, implying a 5.4% annualized yield, though its payout ratio is high at 105.88%. Insiders sold 15,694 shares worth approximately $511,658 over the past 90 days.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has been given an average recommendation of "Hold" by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $36.22.

Several research firms have recently issued reports on WGO. Roth Capital cut their price objective on shares of Winnebago Industries from $38.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, June 23rd. DA Davidson reissued a "neutral" rating and set a $35.00 target price on shares of Winnebago Industries in a research report on Monday, June 15th. Zacks Research upgraded shares of Winnebago Industries from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 1st. Truist Financial decreased their target price on Winnebago Industries from $43.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Winnebago Industries in a research note on Friday, August 7th.

Insiders Place Their Bets

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total transaction of $39,186.55. Following the completion of the transaction, the senior vice president directly owned 31,373 shares in the company, 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. Insiders sold 15,694 shares of company stock valued at $511,658 over the last ninety days. Insiders own 4.88% of the company's stock.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently bought and sold shares of WGO. Pzena Investment Management LLC purchased a new position in shares of Winnebago Industries during the 2nd quarter worth $53,406,000. Dimensional Fund Advisors LP boosted its holdings in shares of Winnebago Industries by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer's stock valued at $48,968,000 after buying an additional 129,228 shares during the period. Maple Rock Capital Partners Inc. grew its holdings in shares of Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer's stock valued at $48,710,000 after purchasing an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Winnebago Industries by 72.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer's stock worth $20,597,000 after buying an additional 280,017 shares during the period. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer's stock worth $17,771,000 after acquiring an additional 430,300 shares during the period.

Winnebago Industries Stock Performance

WGO stock opened at $26.43 on Thursday. Winnebago Industries has a 1-year low of $26.25 and a 1-year high of $50.16. The business has a 50-day moving average price of $30.05 and a 200 day moving average price of $30.53. The company has a market capitalization of $747.06 million, a P/E ratio of 19.43 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, September 9th. This is an increase from Winnebago Industries's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.4%. Winnebago Industries's dividend payout ratio (DPR) is 105.88%.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.

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