Shares of Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $32.61 and traded as high as $34.36. Winnebago Industries shares last traded at $34.0560, with a volume of 1,016,497 shares changing hands.
Analysts Set New Price Targets
WGO has been the topic of several recent research reports. Seaport Research Partners started coverage on Winnebago Industries in a research report on Monday, July 27th. They set a “neutral” rating on the stock. Wall Street Zen upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Raymond James Financial reiterated a “market perform” rating on shares of Winnebago Industries in a research report on Wednesday, October 21st. Zacks Research lowered Winnebago Industries from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, BMO Capital Markets cut their target price on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Winnebago Industries has an average rating of “Hold” and an average price target of $35.00.
View Our Latest Report on Winnebago Industries
Winnebago Industries Trading Down 5.6%
The firm has a market cap of $890.77 million, a PE ratio of 25.89 and a beta of 1.21. The firm has a fifty day simple moving average of $27.60 and a two-hundred day simple moving average of $32.46. The company has a current ratio of 2.17, a quick ratio of 1.04 and a debt-to-equity ratio of 0.36.
Winnebago Industries (NYSE:WGO – Get Free Report) last posted its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter. Winnebago Industries had a return on equity of 4.16% and a net margin of 1.28%. Equities analysts forecast that Winnebago Industries, Inc. will post 1.94 EPS for the current year.
Winnebago Industries Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 4.6%. Winnebago Industries’s payout ratio is currently 119.01%.
Insider Buying and Selling at Winnebago Industries
In other Winnebago Industries news, CEO Michael Happe sold 12,045 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the sale, the senior vice president owned 31,274 shares in the company, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 29,840 shares of company stock valued at $988,803. 4.88% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Unison Advisors LLC lifted its stake in shares of Winnebago Industries by 2.4% in the third quarter. Unison Advisors LLC now owns 19,877 shares of the RV manufacturer’s stock worth $524,000 after buying an additional 459 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in Winnebago Industries by 1.8% in the 3rd quarter. Aviance Capital Partners LLC now owns 28,671 shares of the RV manufacturer’s stock worth $756,000 after acquiring an additional 520 shares during the last quarter. GAMMA Investing LLC raised its holdings in Winnebago Industries by 145.2% in the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock worth $25,000 after acquiring an additional 565 shares during the last quarter. Versant Capital Management Inc lifted its position in Winnebago Industries by 365.6% in the 3rd quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock valued at $35,000 after acquiring an additional 1,031 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Winnebago Industries in the 2nd quarter valued at approximately $33,000.
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 outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.
Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.
Founded in 1958, the company is headquartered in Forest City, Iowa.
See Also
- Five stocks we like better than Winnebago Industries
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
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.
