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

Key Points

• Winnebago Industries, Inc. has received a consensus recommendation of “Hold” from eleven analysts, with one analyst rating it a sell, four a hold, and six a buy.
• The company's recent quarterly dividend has been increased to $0.35 per share, providing an annualized yield of 4.7% for shareholders.
• Winnebago's stock has a twelve-month price objective averaging $40.78, with current trading around $30.05 per share.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.7778.

A number of equities analysts have recently commented on the company. Benchmark cut their price target on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating for the company in a report on Monday, June 30th. Truist Financial lowered their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Thursday, June 26th. DA Davidson raised their price objective on Winnebago Industries from $26.00 to $32.00 and gave the company a "neutral" rating in a research note on Tuesday, September 30th. Robert W. Baird reduced their price objective on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Winnebago Industries in a research note on Wednesday, October 8th.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $30.05 on Thursday. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65. The business has a fifty day moving average price of $33.82 and a 200-day moving average price of $32.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The firm has a market capitalization of $842.41 million, a P/E ratio of -50.94 and a beta of 1.14.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. Winnebago Industries's payout ratio is presently -237.29%.

Institutional Trading of Winnebago Industries

Large investors have recently bought and sold shares of the company. Vident Advisory LLC boosted its position in shares of Winnebago Industries by 2.9% in the 1st quarter. Vident Advisory LLC now owns 12,373 shares of the RV manufacturer's stock worth $426,000 after purchasing an additional 352 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Winnebago Industries by 53.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,107 shares of the RV manufacturer's stock valued at $32,000 after buying an additional 385 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Winnebago Industries by 5.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,195 shares of the RV manufacturer's stock valued at $209,000 after buying an additional 399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Winnebago Industries by 2.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer's stock valued at $568,000 after buying an additional 401 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer's stock valued at $33,000 after buying an additional 433 shares during the last quarter.

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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