Shares of Winnebago Industries, Inc. (NYSE:WGO – Get Rating) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $70.33.
A number of brokerages have recently issued reports on WGO. Roth Capital restated a “neutral” rating on shares of Winnebago Industries in a research note on Monday, March 20th. StockNews.com began coverage on shares of Winnebago Industries in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. KeyCorp started coverage on shares of Winnebago Industries in a research note on Wednesday, April 19th. They issued a “sector weight” rating on the stock. Truist Financial dropped their price objective on shares of Winnebago Industries from $76.00 to $72.00 in a research note on Thursday, May 25th. Finally, Citigroup increased their price objective on shares of Winnebago Industries from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 24th.
Insider Buying and Selling at Winnebago Industries
In other Winnebago Industries news, SVP Christopher David West sold 7,210 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $56.61, for a total value of $408,158.10. Following the sale, the senior vice president now owns 25,383 shares in the company, valued at $1,436,931.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.92% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in Winnebago Industries by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock worth $1,073,000 after purchasing an additional 192 shares during the period. Aviance Capital Partners LLC lifted its position in Winnebago Industries by 1.2% in the 1st quarter. Aviance Capital Partners LLC now owns 18,958 shares of the construction company’s stock worth $1,094,000 after buying an additional 219 shares in the last quarter. Guggenheim Capital LLC lifted its position in Winnebago Industries by 6.2% in the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after buying an additional 232 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Winnebago Industries by 4.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,832 shares of the construction company’s stock worth $336,000 after buying an additional 245 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Winnebago Industries by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 91,333 shares of the construction company’s stock worth $4,813,000 after buying an additional 247 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.
Winnebago Industries Stock Performance
NYSE:WGO opened at $64.42 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.50 and a quick ratio of 1.26. The firm has a 50-day moving average of $59.22 and a two-hundred day moving average of $59.25. The stock has a market cap of $1.97 billion, a P/E ratio of 6.83 and a beta of 1.64. Winnebago Industries has a 1-year low of $44.25 and a 1-year high of $70.53.
Winnebago Industries (NYSE:WGO – Get Rating) last posted its quarterly earnings data on Wednesday, March 22nd. The construction company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.56. The company had revenue of $866.70 million during the quarter, compared to analysts’ expectations of $783.72 million. Winnebago Industries had a net margin of 7.02% and a return on equity of 28.67%. The firm’s revenue for the quarter was down 25.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.14 EPS. On average, research analysts expect that Winnebago Industries will post 7.4 earnings per share for the current fiscal year.
Winnebago Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th will be paid a $0.27 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.08 annualized dividend and a…
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