Winnebago Industries, Inc. (NYSE:WGO) Given Average Rating 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 earned a consensus rating of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $43.2222.

A number of brokerages have recently issued reports on WGO. KeyCorp cut their price target on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a report on Thursday, June 26th. Robert W. Baird cut their price target on shares of Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Truist Financial cut their price target on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th. Finally, Benchmark cut their price target on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in WGO. RWWM Inc. purchased a new position in Winnebago Industries during the 2nd quarter valued at about $8,400,000. Zweig DiMenna Associates LLC purchased a new position in Winnebago Industries during the 1st quarter valued at about $6,260,000. Maple Rock Capital Partners Inc. increased its holdings in Winnebago Industries by 83.7% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 322,099 shares of the construction company's stock valued at $9,341,000 after acquiring an additional 146,789 shares in the last quarter. Gendell Jeffrey L purchased a new position in Winnebago Industries during the 2nd quarter valued at about $4,220,000. Finally, Marshall Wace LLP increased its holdings in Winnebago Industries by 142.3% during the 2nd quarter. Marshall Wace LLP now owns 233,505 shares of the construction company's stock valued at $6,772,000 after acquiring an additional 137,120 shares in the last quarter.

Winnebago Industries Stock Down 1.8%

Shares of NYSE:WGO opened at $33.10 on Friday. The stock has a market cap of $927.94 million, a P/E ratio of -56.11 and a beta of 1.15. The firm has a fifty day moving average price of $33.12 and a 200 day moving average price of $33.13. 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 has a 1-year low of $28.00 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to the consensus estimate of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Sell-side analysts predict 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 an increase from Winnebago Industries's previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, September 10th. This represents a $1.40 annualized dividend and a yield of 4.2%. Winnebago Industries's payout ratio is -237.29%.

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.

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