Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) has been given a consensus rating of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $40.70.
A number of equities research analysts have issued reports on WGO shares. Robert W. Baird lowered their price target on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday. BMO Capital Markets lowered their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Finally, Citigroup downgraded Winnebago Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $30.00 in a report on Wednesday, May 27th.
Read Our Latest Analysis on Winnebago Industries
Winnebago Industries Price Performance
Winnebago Industries (NYSE:WGO – Get Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The firm had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Winnebago Industries will post 2.34 EPS for the current year.
Winnebago Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.0%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio is currently 95.24%.
Institutional Trading of Winnebago Industries
Several large investors have recently added to or reduced their stakes in WGO. Royal Bank of Canada increased its holdings in Winnebago Industries by 5.5% in the 1st quarter. Royal Bank of Canada now owns 9,568 shares of the RV manufacturer’s stock valued at $329,000 after purchasing an additional 498 shares in the last quarter. AQR Capital Management LLC increased its holdings in Winnebago Industries by 283.0% in the 1st quarter. AQR Capital Management LLC now owns 65,104 shares of the RV manufacturer’s stock valued at $2,243,000 after purchasing an additional 48,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the RV manufacturer’s stock valued at $568,000 after acquiring an additional 401 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Winnebago Industries by 83.9% during the second quarter. First Trust Advisors LP now owns 34,626 shares of the RV manufacturer’s stock valued at $1,004,000 after acquiring an additional 15,801 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Winnebago Industries by 142.3% during the second quarter. Marshall Wace LLP now owns 233,505 shares of the RV manufacturer’s stock valued at $6,772,000 after acquiring an additional 137,120 shares in the last quarter.
About Winnebago Industries
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.
Read More
- Five stocks we like better than Winnebago Industries
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.
