Winnebago Industries (NYSE:WGO) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Winnebago Industries (NYSE:WGO) from a hold rating to a buy rating in a report published on Saturday.

WGO has been the subject of several other reports. Weiss Ratings downgraded Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. BMO Capital Markets decreased their target price on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Truist Financial decreased their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Robert W. Baird decreased their target price on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Finally, Citigroup decreased their target price on Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and an average target price of $42.30.

Winnebago Industries Stock Down 3.5%

Shares of WGO opened at $28.84 on Friday. The company has a market cap of $815.31 million, a PE ratio of 19.62 and a beta of 1.17. The business has a fifty day moving average of $32.50 and a 200 day moving average of $38.32. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The company had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. During the same period last year, the company earned $0.19 earnings per share. Winnebago Industries’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that Winnebago Industries will post 2.33 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Wednesday, April 15th. Winnebago Industries’s payout ratio is presently 95.24%.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in WGO. UBS Group AG raised its holdings in shares of Winnebago Industries by 224.7% in the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after acquiring an additional 937,140 shares in the last quarter. Pzena Investment Management LLC purchased a new position in Winnebago Industries in the fourth quarter valued at about $37,642,000. Deprince Race & Zollo Inc. grew its stake in Winnebago Industries by 300.6% in the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after purchasing an additional 430,300 shares during the last quarter. Maple Rock Capital Partners Inc. grew its stake in Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after purchasing an additional 358,100 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Winnebago Industries in the third quarter valued at about $9,785,000.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.