Shares of Winnebago Industries, Inc. (NYSE:WGO) gapped up before the market opened on Thursday following a better than expected earnings announcement. The stock had previously closed at $29.99, but opened at $33.20. Winnebago Industries shares last traded at $30.66, with a volume of 57002 shares traded.

The construction company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.03. Winnebago Industries had a return on equity of 20.27% and a net margin of 5.08%. The business had revenue of $536.20 million for the quarter, compared to analyst estimates of $498.30 million. During the same period in the previous year, the company earned $0.79 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Stockholders of record on Wednesday, September 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Tuesday, September 11th. Winnebago Industries’s payout ratio is 12.70%.

WGO has been the topic of a number of analyst reports. ValuEngine lowered Winnebago Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, September 21st. Zacks Investment Research lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Northcoast Research reissued a “buy” rating on shares of Winnebago Industries in a report on Friday, August 17th. Finally, Robert W. Baird lowered their price objective on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.60.

A number of institutional investors have recently made changes to their positions in WGO. Asset Management One Co. Ltd. bought a new stake in Winnebago Industries in the first quarter valued at about $138,000. Itau Unibanco Holding S.A. bought a new stake in Winnebago Industries in the second quarter valued at about $138,000. BlueMountain Capital Management LLC increased its holdings in Winnebago Industries by 174.8% in the second quarter. BlueMountain Capital Management LLC now owns 3,886 shares of the construction company’s stock valued at $158,000 after buying an additional 2,472 shares during the last quarter. Amalgamated Bank bought a new stake in Winnebago Industries in the second quarter valued at about $204,000. Finally, Xact Kapitalforvaltning AB bought a new stake in Winnebago Industries in the second quarter valued at about $217,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.82 and a quick ratio of 1.03. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 8.97 and a beta of 1.62.

Winnebago Industries Company Profile (NYSE:WGO)

Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.

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