Winnebago Industries Inc. (WGO) Hits New 1-Year High at $24.39
Winnebago Industries Inc. (NYSE:WGO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.39 and last traded at $24.28, with a volume of 41,386 shares. The stock had previously closed at $23.95.
Several research firms have recently issued reports on WGO. Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Robert W. Baird restated a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a report on Saturday, June 25th. Finally, Sidoti began coverage on shares of Winnebago Industries in a report on Tuesday, May 3rd. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Winnebago Industries has an average rating of “Hold” and an average price target of $25.00.
The company has a market capitalization of $651.62 million and a P/E ratio of 14.87. The firm’s 50 day moving average price is $23.22 and its 200 day moving average price is $21.43.
Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.08. During the same period in the previous year, the company earned $0.43 EPS. The business had revenue of $272.10 million for the quarter, compared to analysts’ expectations of $270.46 million. Winnebago Industries’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Winnebago Industries Inc. will post $1.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Wednesday, July 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Monday, July 11th.
A hedge fund recently raised its stake in Winnebago Industries stock. Bank of Montreal Can increased its stake in shares of Winnebago Industries Inc. (NYSE:WGO) by 10.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,091 shares of the company’s stock after buying an additional 6,630 shares during the period. Bank of Montreal Can owned approximately 0.26% of Winnebago Industries worth $1,375,000 at the end of the most recent reporting 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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