Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Winnebago Industries, Inc. has received a consensus rating of "Moderate Buy" from ten research firms, with an average 1-year target price of $43.22.
• The company recently announced a quarterly dividend increase to $0.35 per share, yielding 4.2%, payable on September 24th.
• Winnebago reported $0.81 earnings per share for the last quarter, surpassing estimates, though their revenue fell by 1.4% year-over-year.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten research firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $43.2222.

A number of brokerages recently commented on WGO. Truist Financial decreased their price objective on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. BMO Capital Markets decreased their price objective on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Roth Capital decreased their price objective on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, Citigroup lifted their target price on Winnebago Industries from $36.00 to $41.00 and gave the stock a "buy" rating in a report on Friday, September 12th.

Winnebago Industries Trading Up 0.0%

Shares of NYSE WGO traded up $0.01 during midday trading on Friday, hitting $33.28. The stock had a trading volume of 132,829 shares, compared to its average volume of 731,270. The company's 50-day simple moving average is $33.13 and its 200 day simple moving average is $33.08. The firm has a market cap of $932.87 million, a P/E ratio of -56.41 and a beta of 1.15. Winnebago Industries has a fifty-two week low of $28.00 and a fifty-two week high of $65.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.The business had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. During the same period in the previous year, the firm earned $1.13 earnings per share. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.35 per share. This is a boost from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 10th. Winnebago Industries's dividend payout ratio is presently -237.29%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in Winnebago Industries by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock worth $24,075,000 after acquiring an additional 73,099 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Winnebago Industries by 1.6% in the first quarter. Millennium Management LLC now owns 580,256 shares of the construction company's stock valued at $19,996,000 after purchasing an additional 8,922 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Winnebago Industries by 9.1% in the second quarter. Alliancebernstein L.P. now owns 564,941 shares of the construction company's stock valued at $16,383,000 after purchasing an additional 47,137 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in shares of Winnebago Industries by 83.7% in the second quarter. Maple Rock Capital Partners Inc. now owns 322,099 shares of the construction company's stock valued at $9,341,000 after purchasing an additional 146,789 shares in the last quarter. Finally, RWWM Inc. bought a new stake in shares of Winnebago Industries in the second quarter valued at about $8,400,000.

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.