Winnebago Industries (NYSE:WGO) Upgraded at StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

A number of other analysts have also recently commented on WGO. DA Davidson raised shares of Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp reduced their price target on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Citigroup lowered their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Truist Financial cut their price target on shares of Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $51.89.

Winnebago Industries Stock Up 0.2 %

Shares of NYSE:WGO traded up $0.06 during midday trading on Friday, hitting $32.34. The stock had a trading volume of 351,389 shares, compared to its average volume of 698,046. The company has a market cap of $906.33 million, a P/E ratio of -49.00 and a beta of 1.12. The business's 50-day simple moving average is $33.53 and its 200-day simple moving average is $45.36. Winnebago Industries has a 12 month low of $28.29 and a 12 month high of $66.05. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company's revenue for the quarter was down 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 EPS. On average, sell-side analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th were paid a $0.34 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.21%. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company's stock, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, for a total transaction 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 $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its position in shares of Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company's stock worth $78,540,000 after buying an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC grew its stake in shares of Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company's stock valued at $14,081,000 after purchasing an additional 245,131 shares during the last quarter. Zweig DiMenna Associates LLC acquired a new position in Winnebago Industries in the 1st quarter valued at $6,260,000. Finally, JPMorgan Chase & Co. raised its holdings in Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock worth $49,714,000 after purchasing an additional 173,274 shares in the last quarter.

Winnebago Industries Company Profile

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.