Wall Street Zen Upgrades Winnebago Industries (NYSE:WGO) to "Hold"

Wall Street Zen upgraded shares of Winnebago Industries (NYSE:WGO - Free Report) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

Several other research analysts have also recently commented on the company. DA Davidson raised Winnebago Industries to a "hold" rating in a research report on Monday, April 14th. KeyCorp dropped their target price on shares of Winnebago Industries from $37.00 to $34.00 and set an "overweight" rating for the company in a research note on Thursday, June 26th. Benchmark dropped their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. 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. Finally, Roth Capital reduced their price target on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of "Moderate Buy" and an average price target of $42.33.

Winnebago Industries Stock Up 2.6%

Shares of Winnebago Industries stock traded up $0.80 during midday trading on Friday, reaching $31.45. 495,615 shares of the company's stock traded hands, compared to its average volume of 712,852. Winnebago Industries has a 52 week low of $28.00 and a 52 week high of $65.65. The company's 50 day simple moving average is $33.03 and its 200 day simple moving average is $38.53. The company has a market cap of $881.63 million, a price-to-earnings ratio of -53.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.89 and a current ratio of 2.41.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $808.15 million. During the same period last year, the business earned $1.13 EPS. The firm's revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.32%. Winnebago Industries's payout ratio is -230.51%.

Institutional Trading of Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC increased its stake in Winnebago Industries by 1.6% in the second quarter. Confluence Investment Management LLC now owns 50,818 shares of the construction company's stock valued at $1,474,000 after acquiring an additional 801 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Winnebago Industries by 18.4% during the 1st quarter. Inspire Investing LLC now owns 9,892 shares of the construction company's stock worth $341,000 after buying an additional 1,539 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Winnebago Industries by 2.0% during the 1st quarter. Empowered Funds LLC now owns 133,153 shares of the construction company's stock worth $4,588,000 after buying an additional 2,636 shares during the last quarter. Petrus Trust Company LTA boosted its stake in Winnebago Industries by 24.1% in the first quarter. Petrus Trust Company LTA now owns 9,852 shares of the construction company's stock valued at $340,000 after buying an additional 1,912 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in Winnebago Industries in the first quarter valued at about $3,284,000.

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.