Winnebago Industries Inc. (WGO) Trading Down 1.9%
Winnebago Industries Inc. (NYSE:WGO) dropped 1.9% during trading on Thursday . The stock traded as low as $23.02 and last traded at $23.05, with a volume of 182,428 shares trading hands. The stock had previously closed at $23.50.
WGO has been the subject of several research reports. Zacks Investment Research raised shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, June 30th. TheStreet raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a report on Thursday, March 31st. Robert W. Baird reissued a “hold” rating on shares of Winnebago Industries in a report on Monday, March 28th. Finally, Sidoti initiated coverage on shares of Winnebago Industries in a report on Tuesday, May 3rd. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $25.00.
The company has a market capitalization of $620.69 million and a price-to-earnings ratio of 14.16. The stock’s 50 day moving average price is $22.22 and its 200 day moving average price is $20.41.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, June 22nd. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.08. The company had revenue of $272.10 million for the quarter, compared to analyst estimates of $270.46 million. During the same period last year, the firm posted $0.43 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Winnebago Industries Inc. will post $1.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Monday, July 11th.
Other institutional investors recently added to or reduced their stakes in the company. Boston Partners raised its position in Winnebago Industries by 3.2% in the fourth quarter. Boston Partners now owns 174,543 shares of the company’s stock worth $3,473,000 after buying an additional 5,475 shares during the period. Brandes Investment Partners LP raised its position in Winnebago Industries by 35.5% in the fourth quarter. Brandes Investment Partners LP now owns 58,312 shares of the company’s stock worth $1,161,000 after buying an additional 15,288 shares during the period. Royce & Associates LLC raised its position in Winnebago Industries by 4.7% in the fourth quarter. Royce & Associates LLC now owns 3,041,377 shares of the company’s stock worth $60,523,000 after buying an additional 135,240 shares during the period. South Dakota Investment Council raised its position in Winnebago Industries by 10.4% in the fourth quarter. South Dakota Investment Council now owns 215,100 shares of the company’s stock worth $4,280,000 after buying an additional 20,200 shares during the period. Finally, Whittier Trust Co. raised its position in Winnebago Industries by 1.1% in the fourth quarter. Whittier Trust Co. now owns 56,365 shares of the company’s stock worth $1,121,000 after buying an additional 590 shares during the period.
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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