Wall Street Zen upgraded shares of Winnebago Industries (NYSE:WGO – Free Report) from a sell rating to a hold rating in a report released on Saturday morning.
WGO has been the subject of a number of other research reports. Seaport Research Partners initiated coverage on shares of Winnebago Industries in a research report on Monday, July 27th. They issued a “neutral” rating for the company. Griffin Securities set a $35.00 target price on Winnebago Industries in a research report on Monday, June 15th. Northcoast Research lowered Winnebago Industries from a “buy” rating to a “neutral” rating in a research note on Monday, June 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a report on Friday, June 26th. Finally, Citigroup increased their price target on Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $36.33.
Read Our Latest Stock Report on WGO
Winnebago Industries Price Performance
Winnebago Industries (NYSE:WGO – Get Free Report) last announced its quarterly earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). The firm had revenue of $698.70 million for the quarter, compared to analysts’ expectations of $755.67 million. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%.The business’s quarterly revenue was down 9.9% on a year-over-year basis. During the same period last year, the company posted $0.81 earnings per share. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities research analysts forecast that Winnebago Industries will post 1.81 EPS for the current year.
Winnebago Industries Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a dividend of $0.36 per share. The ex-dividend date is 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 dividend yield of 4.5%. Winnebago Industries’s dividend payout ratio (DPR) is presently 102.94%.
Insider Buying and Selling at Winnebago Industries
In other Winnebago Industries news, CEO Michael J. 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 value of $393,630.60. Following the transaction, the chief executive officer owned 349,349 shares in the company, valued at approximately $11,416,725.32. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the transaction, the senior vice president owned 31,274 shares in the company, valued at $1,021,408.84. The trade was 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 three months, insiders sold 15,694 shares of company stock valued at $511,658. 4.88% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Winnebago Industries
Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in Winnebago Industries by 90.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares in the last quarter. Allworth Financial LP acquired a new stake in Winnebago Industries in the 2nd quarter valued at about $33,000. Clearstead Advisors LLC acquired a new stake in Winnebago Industries in the 4th quarter valued at about $35,000. Hantz Financial Services Inc. lifted its stake in Winnebago Industries by 36.2% in the 4th quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after purchasing an additional 435 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after purchasing an additional 309 shares in the last quarter.
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.
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