Winnebago Industries (NYSE:WGO) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Winnebago Industries (NYSE:WGO) in a research note published on Monday morning,Benzinga reports. The brokerage currently has a $70.00 target price on the construction company’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial reduced their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.13.

Winnebago Industries Trading Down 4.0 %

Shares of NYSE WGO opened at $47.99 on Monday. Winnebago Industries has a 1-year low of $47.93 and a 1-year high of $74.61. The company has a 50-day moving average of $57.69 and a two-hundred day moving average of $57.25. The company has a market cap of $1.39 billion, a PE ratio of 159.97 and a beta of 1.60. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. As a group, equities analysts expect that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.83%. Winnebago Industries’s dividend payout ratio is -206.06%.

Insider Activity

In other news, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of large investors have recently added to or reduced their stakes in WGO. GAMMA Investing LLC grew its stake 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 acquiring an additional 316 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Innealta Capital LLC bought a new position in Winnebago Industries in the second quarter valued at $45,000. Quarry LP increased its stake in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Winnebago Industries in the 2nd quarter valued at $76,000.

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.