Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $36.22.
A number of brokerages recently weighed in on WGO. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. DA Davidson restated a “neutral” rating and set a $35.00 target price on shares of Winnebago Industries in a research report on Monday, June 15th. Zacks Research raised shares of Winnebago Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. Finally, Citigroup cut their price target on shares of Winnebago Industries from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, September 16th.
Read Our Latest Stock Report on Winnebago Industries
Winnebago Industries Stock Down 4.9%
Winnebago Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.8%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is 105.88%.
Insider Buying and Selling
In other news, SVP Bret Woodson sold 1,235 shares of Winnebago Industries stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total transaction of $39,186.55. Following the completion of the sale, the senior vice president directly owned 31,373 shares in the company, valued at approximately $995,465.29. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 15,694 shares of company stock valued at $511,658. Insiders own 4.88% of the company’s stock.
Institutional Trading of Winnebago Industries
A number of institutional investors have recently bought and sold shares of WGO. Pzena Investment Management LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at $53,406,000. Dimensional Fund Advisors LP boosted its position in shares of Winnebago Industries by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock worth $48,968,000 after buying an additional 129,228 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Winnebago Industries by 33.3% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after buying an additional 389,400 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after acquiring an additional 430,300 shares during the last quarter.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.
Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.
Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.
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