Winnebago Industries Inc. (WGO) Shares Gap Up to $23.44
Winnebago Industries Inc. (NYSE:WGO) gapped up before the market opened on Tuesday . The stock had previously closed at $23.40, but opened at $23.44. Winnebago Industries shares last traded at $23.50, with a volume of 68,427 shares traded.
Several brokerages recently commented on WGO. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, June 30th. Sidoti began coverage on shares of Winnebago Industries in a research note on Tuesday, May 3rd. They set a “neutral” rating on the stock. Finally, Robert W. Baird reiterated a “neutral” rating and set a $25.00 price target on shares of Winnebago Industries in a research note on Saturday, June 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.00.
The stock has a 50-day moving average of $22.91 and a 200 day moving average of $21.03. The firm has a market cap of $627.14 million and a P/E ratio of 14.31.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, June 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. During the same quarter in the prior year, the firm 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. Winnebago Industries’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries Inc. will post $1.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders 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 annualized dividend and a yield of 1.72%.
A hedge fund recently raised its stake in Winnebago Industries stock. Bank of Montreal Can boosted its stake in shares of Winnebago Industries Inc. (NYSE:WGO) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
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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