Winnebago Industries (NYSE:WGO) Releases Earnings Results, Meets Expectations

Winnebago Industries (NYSE:WGO) posted its quarterly earnings data on Wednesday. The RV manufacturer reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27, FiscalAI reports. Winnebago Industries had a return on equity of 4.83% and a net margin of 1.27%.The firm had revenue of $657.40 million during the quarter, compared to analyst estimates of $628.00 million.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock opened at $35.07 on Wednesday. The company has a market capitalization of $989.62 million, a price-to-earnings ratio of 27.40 and a beta of 1.14. The company has a quick ratio of 1.25, a current ratio of 2.69 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $42.62 and its 200-day simple moving average is $38.79. Winnebago Industries has a 52 week low of $28.00 and a 52 week high of $50.16.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, April 15th. Winnebago Industries’s payout ratio is presently 109.38%.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Maple Rock Capital Partners Inc. lifted its position in shares of Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock worth $22,746,000 after buying an additional 358,100 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Winnebago Industries during the 3rd quarter valued at approximately $9,785,000. UBS Group AG grew its holdings in Winnebago Industries by 75.8% during the 3rd quarter. UBS Group AG now owns 417,015 shares of the RV manufacturer’s stock valued at $13,945,000 after buying an additional 179,853 shares in the last quarter. Marshall Wace LLP increased its stake in Winnebago Industries by 142.3% in the 2nd quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock worth $6,772,000 after acquiring an additional 137,120 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in Winnebago Industries by 61.9% in the third quarter. Voloridge Investment Management LLC now owns 331,000 shares of the RV manufacturer’s stock worth $11,069,000 after purchasing an additional 126,537 shares during the last quarter.

Wall Street Analysts Forecast Growth

WGO has been the topic of several analyst reports. Benchmark lifted their target price on Winnebago Industries from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a research note on Monday, December 22nd. Griffin Securities set a $40.00 price objective on Winnebago Industries in a research report on Tuesday, December 23rd. BMO Capital Markets boosted their price objective on Winnebago Industries from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Finally, Truist Financial increased their target price on shares of Winnebago Industries from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and a consensus price target of $42.80.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.