Winnebago Industries, Inc. (NYSE:WGO) Given Average Recommendation of “Moderate Buy” by Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $64.78.

A number of equities research analysts have commented on WGO shares. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. Robert W. Baird reduced their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th.

Winnebago Industries Trading Up 0.4 %

Shares of WGO stock opened at $46.58 on Tuesday. The company has a market capitalization of $1.32 billion, a P/E ratio of 155.27 and a beta of 1.62. Winnebago Industries has a 12-month low of $45.44 and a 12-month high of $74.10. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $54.75 and a 200 day moving average price of $56.32.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. During the same period in the previous year, the firm earned $1.06 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. Research analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 2.92%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insiders Place Their Bets

In other news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Happe bought 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its holdings in shares of Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after acquiring an additional 245 shares in the last quarter. Sound Income Strategies LLC boosted its position in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Finally, Lakewood Asset Management LLC raised its stake in shares of Winnebago Industries by 7.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock worth $313,000 after purchasing an additional 355 shares in the last quarter.

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.