Winnebago Industries (NYSE:WGO) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research report released on Friday morning.

Other equities analysts also recently issued research reports about the company. DA Davidson increased their price target on Winnebago Industries from $64.00 to $66.00 and gave the stock a neutral rating in a research report on Tuesday, March 26th. Roth Mkm restated a neutral rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Thursday, March 21st. Finally, Truist Financial decreased their price target on Winnebago Industries from $74.00 to $70.00 and set a buy rating for the company in a research note on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of $71.80.

Winnebago Industries Stock Performance

NYSE:WGO opened at $70.74 on Friday. The stock’s fifty day moving average is $68.38 and its 200 day moving average is $66.15. Winnebago Industries has a fifty-two week low of $54.70 and a fifty-two week high of $75.42. The firm has a market capitalization of $2.07 billion, a PE ratio of 21.18 and a beta of 1.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.86 by $0.07. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. The company had revenue of $703.60 million for the quarter, compared to the consensus estimate of $692.63 million. On average, sell-side analysts anticipate that Winnebago Industries will post 5.28 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, April 9th. Winnebago Industries’s payout ratio is 37.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in Winnebago Industries during the fourth quarter worth about $26,000. GAMMA Investing LLC purchased a new position in Winnebago Industries during the fourth quarter worth approximately $30,000. Advisors Asset Management Inc. lifted its position in Winnebago Industries by 71.8% during the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after buying an additional 260 shares in the last quarter. Principal Securities Inc. purchased a new position in Winnebago Industries during the fourth quarter worth approximately $39,000. Finally, Harbour Investments Inc. lifted its position in Winnebago Industries by 164.5% during the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock worth $39,000 after buying an additional 329 shares in the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.