Winnebago Industries (NYSE:WGO) Issues Quarterly Earnings Results

Winnebago Industries (NYSE:WGO) posted its earnings results on Wednesday. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03, Zacks reports. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.

Winnebago Industries Price Performance

NYSE WGO opened at $23.20 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. Winnebago Industries has a 12-month low of $21.95 and a 12-month high of $50.16. The company has a market capitalization of $655.89 million, a PE ratio of 17.06 and a beta of 1.18. The firm’s 50 day moving average is $28.02 and its 200-day moving average is $29.68.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.2%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is 105.88%.

Insider Buying and Selling at Winnebago Industries

In related news, CEO Michael Happe sold 12,045 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer owned 349,349 shares in the company, valued at approximately $11,416,725.32. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the completion of the transaction, the senior vice president directly owned 31,274 shares of the company’s stock, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,694 shares of company stock valued at $511,658 in the last 90 days. 4.88% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Zacks Research raised Winnebago Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. BMO Capital Markets decreased their price objective on Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Truist Financial lowered their target price on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Finally, Roth Capital cut their price target on shares of Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.67.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.