Winnebago Industries, Inc. (NYSE:WGO) shares gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $29.99, but opened at $33.20. Winnebago Industries shares last traded at $30.66, with a volume of 57002 shares trading hands.
The construction company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.03. The business had revenue of $536.20 million during the quarter, compared to analyst estimates of $498.30 million. Winnebago Industries had a net margin of 5.04% and a return on equity of 21.25%. Winnebago Industries’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 EPS.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Wednesday, September 12th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Winnebago Industries’s dividend payout ratio (DPR) is presently 11.94%.
WGO has been the subject of a number of recent research reports. ValuEngine lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday, June 22nd. Northcoast Research restated a “buy” rating on shares of Winnebago Industries in a research note on Friday, August 17th. Finally, Robert W. Baird restated an “outperform” rating and set a $50.00 price target (down previously from $60.00) on shares of Winnebago Industries in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $51.60.
Hedge funds have recently made changes to their positions in the business. Peregrine Asset Advisers Inc. bought a new stake in shares of Winnebago Industries in the 2nd quarter worth $1,685,000. Principal Financial Group Inc. grew its stake in shares of Winnebago Industries by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 248,886 shares of the construction company’s stock worth $9,358,000 after acquiring an additional 5,722 shares in the last quarter. Teton Advisors Inc. grew its stake in shares of Winnebago Industries by 12.3% in the 2nd quarter. Teton Advisors Inc. now owns 68,500 shares of the construction company’s stock worth $2,781,000 after acquiring an additional 7,500 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Winnebago Industries in the 2nd quarter worth $588,000. Finally, Hellman Jordan Management Co. Inc. MA grew its stake in shares of Winnebago Industries by 1,580.0% in the 2nd quarter. Hellman Jordan Management Co. Inc. MA now owns 196,709 shares of the construction company’s stock worth $7,986,000 after acquiring an additional 185,000 shares in the last quarter. Institutional investors and hedge funds own 88.17% of the company’s stock.
The company has a current ratio of 1.96, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.05 billion, a PE ratio of 9.23 and a beta of 1.62.
About Winnebago Industries (NYSE:WGO)
Winnebago Industries, Inc manufactures and sells recreation vehicles primarily for use in leisure travel and outdoor recreation activities. It operates through two segments, Motorized and Towable. The company manufactures motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support various other lifestyles under the Winnebago brand.
Further Reading: Buyback
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