Winnebago Industries Inc. (WGO) Hits New 12-Month High at $24.39
Winnebago Industries Inc. (NYSE:WGO) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.39 and last traded at $24.28, with a volume of 41,386 shares traded. The stock had previously closed at $23.95.
WGO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, June 14th. Sidoti initiated coverage on shares of Winnebago Industries in a report on Tuesday, May 3rd. They set a “neutral” rating for the company. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price target on shares of Winnebago Industries in a report on Saturday, June 25th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $25.00.
The company has a market capitalization of $647.58 million and a price-to-earnings ratio of 14.77. The company’s 50-day moving average is $23.29 and its 200 day moving average is $21.50.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, June 22nd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $272.10 million for the quarter, compared to analysts’ expectations of $270.46 million. During the same period in the prior year, the firm posted $0.43 EPS. Winnebago Industries’s revenue was up 2.1% on a year-over-year basis. On average, analysts expect that Winnebago Industries Inc. will post $1.65 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Wednesday, July 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, July 11th. This represents a $0.40 annualized dividend and a yield of 1.66%.
An institutional investor recently raised its position in Winnebago Industries stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Winnebago Industries Inc. (NYSE:WGO) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,685 shares of the company’s stock after buying an additional 15,370 shares during the period. Schwab Charles Investment Management Inc. owned about 0.37% of Winnebago Industries worth $1,984,000 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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