Winnebago Industries (NYSE:WGO) Issues Earnings Results

Winnebago Industries (NYSE:WGO) announced its quarterly earnings results on Wednesday. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02, Zacks reports. Winnebago Industries had a negative net margin of 0.21% and a positive return on equity of 3.73%. The company had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Winnebago Industries updated its FY 2025 guidance to 1.200-1.700 EPS.

Winnebago Industries Stock Down 9.7%

Shares of NYSE WGO opened at $28.30 on Thursday. The firm has a fifty day moving average of $33.16 and a 200-day moving average of $39.41. Winnebago Industries has a 52-week low of $28.19 and a 52-week high of $65.65. The company has a quick ratio of 0.94, a current ratio of 2.17 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $792.97 million, a PE ratio of -113.20 and a beta of 1.07.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.81%. Winnebago Industries’s dividend payout ratio is presently -544.00%.

Insiders Place Their Bets

In other news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now directly owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.63% of the stock is currently owned by insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its position in shares of Winnebago Industries by 283.0% in the first quarter. AQR Capital Management LLC now owns 65,104 shares of the construction company’s stock worth $2,243,000 after acquiring an additional 48,105 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company’s stock valued at $568,000 after purchasing an additional 401 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Winnebago Industries by 5.5% in the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company’s stock valued at $329,000 after purchasing an additional 498 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WGO shares. Benchmark reduced their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. BMO Capital Markets reduced their price objective on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 20th. Wall Street Zen cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. KeyCorp reduced their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Friday, June 6th. Finally, DA Davidson raised shares of Winnebago Industries to a “hold” rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average price target of $48.88.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.