Winnebago Industries (NYSE:WGO) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Winnebago Industries, Inc. (NYSE:WGO) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $32.61 and traded as high as $34.36. Winnebago Industries shares last traded at $34.0560, with a volume of 1,016,497 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on WGO shares. Wall Street Zen upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. Zacks Research lowered shares of Winnebago Industries from a “hold” rating to a “strong sell” rating in a report on Monday. Weiss Ratings downgraded Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Seaport Research Partners initiated coverage on Winnebago Industries in a research note on Monday, July 27th. They set a “neutral” rating for the company. Finally, Citigroup upped their price objective on Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.00.

Winnebago Industries Trading Up 7.9%

The business’s 50-day simple moving average is $27.53 and its two-hundred day simple moving average is $32.61. The company has a market capitalization of $968.55 million, a PE ratio of 28.15 and a beta of 1.21. The company has a current ratio of 2.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 EPS for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. On average, analysts predict that Winnebago Industries, Inc. will post 1.94 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.2%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. Winnebago Industries’s payout ratio is presently 119.01%.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Bret Woodson sold 2,414 shares of the firm’s stock in a transaction dated 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 owned 31,274 shares in the company, valued at $1,021,408.84. This trade represents a 7.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,694 shares of company stock valued at $511,658 over the last 90 days. 4.88% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC acquired a new position in Winnebago Industries in the second quarter valued at about $53,406,000. Dimensional Fund Advisors LP raised its position in Winnebago Industries by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock worth $48,968,000 after acquiring an additional 129,228 shares during the period. Maple Rock Capital Partners Inc. lifted its holdings in shares of Winnebago Industries by 33.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after buying an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Winnebago Industries by 72.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Winnebago Industries during the second quarter worth about $9,545,000.

Winnebago Industries Company Profile

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 outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.