Winnebago Industries Inc. (WGO) Shares Down 1.9%
Winnebago Industries Inc. (NYSE:WGO)’s share price traded down 1.9% on Thursday . The company traded as low as $23.02 and last traded at $23.05, with a volume of 182,428 shares. The stock had previously closed at $23.50.
A number of research analysts recently commented on WGO shares. Robert W. Baird reissued a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research note on Saturday, June 25th. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, June 30th. Sidoti started coverage on Winnebago Industries in a research note on Tuesday, May 3rd. They issued a “neutral” rating on the stock. Finally, TheStreet raised Winnebago Industries from a “hold” rating to a “buy” rating in a research note on Thursday, March 31st. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Winnebago Industries currently has an average rating of “Hold” and a consensus target price of $25.00.
The stock has a market cap of $626.61 million and a price-to-earnings ratio of 14.29. The company’s 50-day moving average price is $22.26 and its 200-day moving average price is $20.43.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, June 22nd. The company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.08. During the same quarter in the prior year, the company earned $0.43 earnings per share. The company earned $272.10 million during the quarter, compared to the consensus estimate of $270.46 million. Winnebago Industries’s revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Winnebago Industries Inc. will post $1.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.72%.
A number of institutional investors recently modified their holdings of the company. Whittier Trust Co. increased its position in shares of 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 in the last quarter. Boston Partners increased its position in shares of 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 in the last quarter. Bank of Montreal Can increased its position in shares of Winnebago Industries by 10.6% in the fourth quarter. Bank of Montreal Can now owns 69,091 shares of the company’s stock worth $1,375,000 after buying an additional 6,630 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of 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 in the last quarter. Finally, South Dakota Investment Council increased its position in shares of 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 in the last quarter.
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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