Winnebago Industries, Inc. (NYSE:WGO) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $51.11.

A number of equities research analysts have recently issued reports on WGO shares. KeyCorp cut their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an "overweight" rating on the stock in a research note on Friday, June 6th. BMO Capital Markets lowered their price objective on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 28th. DA Davidson upgraded Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Benchmark decreased their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Truist Financial boosted their price target on Winnebago Industries from $38.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd.

Insider Activity at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the company's stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.63% of the company's stock.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors have recently modified their holdings of the company. Legato Capital Management LLC boosted its stake in Winnebago Industries by 21.0% during the 4th quarter. Legato Capital Management LLC now owns 24,160 shares of the construction company's stock valued at $1,154,000 after purchasing an additional 4,187 shares during the period. Rhumbline Advisers raised its holdings in shares of Winnebago Industries by 2.2% during the fourth quarter. Rhumbline Advisers now owns 96,821 shares of the construction company's stock valued at $4,626,000 after buying an additional 2,077 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Winnebago Industries by 4.9% during the fourth quarter. Principal Financial Group Inc. now owns 165,680 shares of the construction company's stock worth $7,916,000 after buying an additional 7,689 shares during the period. Empower Advisory Group LLC acquired a new position in shares of Winnebago Industries during the fourth quarter worth approximately $576,000. Finally, Proficio Capital Partners LLC bought a new position in Winnebago Industries in the 4th quarter worth approximately $632,000.

Winnebago Industries Stock Down 4.4%

WGO stock traded down $1.45 during midday trading on Friday, hitting $31.48. 854,984 shares of the company's stock were exchanged, compared to its average volume of 713,997. The firm has a 50 day moving average price of $33.12 and a 200-day moving average price of $41.07. Winnebago Industries has a 12-month low of $28.29 and a 12-month high of $65.65. The stock has a market capitalization of $882.23 million, a price-to-earnings ratio of -47.70 and a beta of 1.07. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The business had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. On average, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Wednesday, June 11th. Winnebago Industries's dividend payout ratio (DPR) is -544.00%.

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.