Winnebago Industries Inc. (WGO) Hits New 12-Month High at $23.93
Shares of Winnebago Industries Inc. (NYSE:WGO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $23.93 and last traded at $23.91, with a volume of 49,364 shares changing hands. The stock had previously closed at $23.44.
WGO has been the topic of a number of research analyst reports. 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 report on Thursday, June 30th. Robert W. Baird reissued a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, Sidoti initiated coverage on Winnebago Industries in a research report on Tuesday, May 3rd. They issued a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.00.
The company has a market cap of $629.83 million and a price-to-earnings ratio of 14.37. The firm has a 50 day moving average price of $23.07 and a 200-day moving average price of $21.25.
Winnebago Industries (NYSE:WGO) last issued 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. During the same period last year, the business earned $0.43 earnings per share. The business had revenue of $272.10 million for the quarter, compared to analysts’ expectations of $270.46 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Winnebago Industries Inc. will post $1.65 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 13th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, July 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%.
A hedge fund recently raised its stake in Winnebago Industries stock. Bank of Montreal Can raised its position in Winnebago Industries Inc. (NYSE:WGO) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,091 shares of the company’s stock after buying an additional 6,630 shares during the period. Bank of Montreal Can owned 0.26% of Winnebago Industries worth $1,375,000 at the end of the most recent 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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