Winnebago Industries (NYSE:WGO) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a report published on Tuesday.

Several other brokerages also recently commented on WGO. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp reduced their price objective on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Truist Financial lifted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Citigroup reduced their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, March 19th. Finally, DA Davidson lowered their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Winnebago Industries Stock Down 1.8 %

NYSE WGO opened at $34.36 on Tuesday. Winnebago Industries has a 12 month low of $33.62 and a 12 month high of $74.10. The company has a market capitalization of $975.72 million, a P/E ratio of -52.06 and a beta of 1.70. The company’s 50 day simple moving average is $42.20 and its 200 day simple moving average is $50.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC boosted its position in Winnebago Industries by 123.5% during the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after purchasing an additional 7,715 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after buying an additional 54,272 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Winnebago Industries by 94.5% during the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after buying an additional 31,242 shares during the period. FMR LLC grew its stake in Winnebago Industries by 76.0% in the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company’s stock valued at $211,000 after buying an additional 1,565 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Winnebago Industries by 23.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after acquiring an additional 3,030 shares during the period.

About Winnebago Industries

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.