Winnebago Industries, Inc. (NYSE:WGO) – Investment analysts at SunTrust Banks dropped their Q4 2020 EPS estimates for Winnebago Industries in a report released on Wednesday, June 24th. SunTrust Banks analyst M. Swartz now expects that the construction company will earn $1.05 per share for the quarter, down from their prior estimate of $1.24. SunTrust Banks currently has a “Buy” rating and a $72.00 price target on the stock.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 24th. The construction company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.15. The company had revenue of $402.50 million during the quarter, compared to the consensus estimate of $335.93 million. Winnebago Industries had a return on equity of 9.35% and a net margin of 2.37%. The firm’s revenue was down 23.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 EPS.
WGO has been the subject of several other research reports. BMO Capital Markets upped their price target on Winnebago Industries from $40.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Sidoti increased their target price on Winnebago Industries from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, June 19th. ValuEngine upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 8th. TheStreet downgraded Winnebago Industries from a “b” rating to a “c+” rating in a research note on Wednesday, June 24th. Finally, Zacks Investment Research upgraded Winnebago Industries from a “sell” rating to a “hold” rating and set a $62.00 target price for the company in a research note on Saturday, May 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Winnebago Industries currently has a consensus rating of “Buy” and a consensus price target of $65.67.
WGO opened at $66.68 on Monday. The company has a market cap of $2.20 billion, a PE ratio of 41.94 and a beta of 2.31. The stock has a 50-day moving average of $60.72 and a 200-day moving average of $49.85. Winnebago Industries has a 52-week low of $16.94 and a 52-week high of $72.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.30 and a current ratio of 2.25.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.44 annualized dividend and a yield of 0.66%. Winnebago Industries’s dividend payout ratio (DPR) is 12.79%.
In other news, VP Christopher David West sold 1,614 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $35.42, for a total value of $57,167.88. Following the completion of the transaction, the vice president now directly owns 13,921 shares of the company’s stock, valued at approximately $493,081.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher J. Braun bought 2,000 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average cost of $27.98 per share, with a total value of $55,960.00. Following the completion of the acquisition, the director now owns 17,684 shares in the company, valued at approximately $494,798.32. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of WGO. Norges Bank acquired a new position in shares of Winnebago Industries in the 4th quarter worth approximately $22,085,000. Goldman Sachs Group Inc. increased its holdings in Winnebago Industries by 380.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 432,161 shares of the construction company’s stock valued at $22,896,000 after purchasing an additional 342,132 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Winnebago Industries during the 4th quarter valued at $16,535,000. Penserra Capital Management LLC acquired a new stake in Winnebago Industries during the 4th quarter valued at $6,148,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Winnebago Industries during the 1st quarter valued at $2,625,000. 87.70% of the stock is owned by institutional investors and hedge funds.
Winnebago Industries Company Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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