Winnebago Industries, Inc. (NYSE:WGO) Given Average Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold": Eleven brokerages rate Winnebago Industries a consensus Hold (seven holds, four buys) with an average 12‑month price target of $42.30, and several firms have recently cut targets though some (e.g., Citigroup, Truist) remain buyers at reduced targets.
• Quarterly beat and high dividend yield: Winnebago reported Q2 EPS of $0.27 vs. $0.25 expected and revenue of $657.4M (up 6% YoY), and it pays a quarterly dividend of $0.35 (annualized $1.40) for a 4.4% yield with a ~95% payout ratio.

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have been given a consensus rating of "Hold" by the eleven brokerages that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.30.

A number of brokerages have recently commented on WGO. Robert W. Baird cut their price target on Winnebago Industries from $48.00 to $42.00 and set a "neutral" rating on the stock in a research note on Thursday, March 26th. Wall Street Zen lowered Winnebago Industries from a "buy" rating to a "hold" rating in a research note on Saturday, March 28th. Weiss Ratings raised Winnebago Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday. Citigroup cut their price target on Winnebago Industries from $54.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, March 27th. Finally, Truist Financial cut their price target on Winnebago Industries from $47.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, April 9th.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its position in shares of Winnebago Industries by 30.8% during the third quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer's stock worth $1,826,000 after acquiring an additional 12,872 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Winnebago Industries during the third quarter worth about $1,093,000. Royce & Associates LP bought a new position in shares of Winnebago Industries during the third quarter worth about $6,838,000. Gamco Investors INC. ET AL raised its position in shares of Winnebago Industries by 55.6% during the third quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer's stock worth $7,538,000 after acquiring an additional 80,559 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Winnebago Industries during the third quarter worth about $1,148,000.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $31.97 on Monday. The business's 50-day moving average price is $34.53 and its 200-day moving average price is $38.58. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $50.16. The firm has a market capitalization of $903.82 million, a price-to-earnings ratio of 21.75 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. During the same period last year, the firm posted $0.19 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts forecast that Winnebago Industries will post 2.33 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, April 15th. Winnebago Industries's dividend payout ratio (DPR) is 95.24%.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.

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