Winnebago Industries - WGO Stock Forecast, Price & News

Winnebago Industries, Inc. manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. 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. The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago and Newmar brand names. In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry under the Chris-Craft and Barletta brand names. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Forest City, Iowa.

Winnebago Industries Price Performance

NYSE:WGO traded down $1.75 during trading hours on Friday, hitting $66.49. The company had a trading volume of 22,025 shares, compared to its average volume of 614,069. Winnebago Industries has a 52 week low of $43.05 and a 52 week high of $80.30. The firm has a 50 day simple moving average of $54.88 and a 200 day simple moving average of $56.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 2.09. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 5.73 and a beta of 1.68.

Winnebago Industries (NYSE:WGO - Get Rating) last issued its earnings results on Wednesday, June 22nd. The construction company reported $4.13 EPS for the quarter, topping the consensus estimate of $3.01 by $1.12. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.20 billion. Winnebago Industries had a return on equity of 38.46% and a net margin of 8.14%. During the same quarter last year, the company earned $2.16 EPS. Equities research analysts expect that Winnebago Industries will post 13.53 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, September 13th. This is an increase from Winnebago Industries's previous quarterly dividend of $0.18. Winnebago Industries's dividend payout ratio (DPR) is 6.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on WGO shares. TheStreet lowered Winnebago Industries from a "b-" rating to a "c+" rating in a research report on Monday, June 13th. Truist Financial decreased their target price on Winnebago Industries to $62.00 in a research report on Thursday, May 26th. DA Davidson lowered Winnebago Industries from a "buy" rating to a "neutral" rating and set a $52.00 target price for the company. in a research report on Thursday, May 19th. MKM Partners lowered Winnebago Industries from a "buy" rating to a "neutral" rating and set a $67.00 target price for the company. in a research report on Tuesday, August 9th. Finally, BMO Capital Markets initiated coverage on Winnebago Industries in a report on Friday, June 24th. They issued a "buy" rating and a $85.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.75.