Winnebago Industries (NYSE:WGO) Lifted 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 note issued to investors on Saturday.

Several other research analysts also recently commented on the stock. Roth Mkm reissued a neutral rating and set a $70.00 price target on shares of Winnebago Industries in a research note on Thursday, March 21st. DA Davidson lifted their price target on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a neutral rating in a research note on Tuesday, March 26th. Finally, Truist Financial decreased their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a buy rating on the stock in a research note on Wednesday, December 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $71.80.

Winnebago Industries Trading Down 1.2 %

Shares of Winnebago Industries stock opened at $62.37 on Friday. Winnebago Industries has a 1 year low of $54.70 and a 1 year high of $75.42. The firm has a market cap of $1.83 billion, a PE ratio of 18.67 and a beta of 1.71. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52. The company has a 50 day simple moving average of $68.23 and a two-hundred day simple moving average of $66.38.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $703.60 million during the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. Analysts expect that Winnebago Industries will post 5.2 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors 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 1.99%. The ex-dividend date of this dividend is Tuesday, April 9th. Winnebago Industries’s payout ratio is 37.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Winnebago Industries by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock valued at $151,689,000 after purchasing an additional 338,099 shares during the period. Dimensional Fund Advisors LP increased its position in Winnebago Industries by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock valued at $161,448,000 after purchasing an additional 44,987 shares during the period. Goldman Sachs Group Inc. increased its position in Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after purchasing an additional 161,987 shares during the period. State Street Corp increased its position in Winnebago Industries by 1.4% during the 2nd quarter. State Street Corp now owns 1,130,973 shares of the construction company’s stock valued at $54,920,000 after purchasing an additional 15,957 shares during the period. Finally, Broad Peak Investment Holdings Ltd. increased its position in Winnebago Industries by 108.2% during the 4th quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after purchasing an additional 380,200 shares during the period.

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.