Winnebago Industries (NYSE:WGO – Get Free Report) issued its earnings results on Wednesday. The RV manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03, Zacks reports. Winnebago Industries had a return on equity of 4.65% and a net margin of 1.36%. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share.
Winnebago Industries Stock Performance
NYSE:WGO opened at $23.20 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36. The company has a market cap of $655.89 million, a P/E ratio of 17.06 and a beta of 1.18. Winnebago Industries has a fifty-two week low of $21.95 and a fifty-two week high of $50.16. The firm’s 50 day moving average is $28.02 and its two-hundred day moving average is $29.68.
Winnebago Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 6.2%. This is a positive change 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 (DPR) is currently 105.88%.
Insiders Place Their Bets
In other news, CEO Michael Happe sold 12,045 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the sale, the chief executive officer directly owned 349,349 shares of the company’s stock, valued at $11,416,725.32. The trade was a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 2,414 shares of Winnebago Industries 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,694 shares of company stock worth $511,658. 4.88% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Roth Capital reduced their target price on shares of Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Weiss Ratings cut Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 14th. Truist Financial dropped their target price on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Winnebago Industries has a consensus rating of “Hold” and a consensus target price of $35.67.
View Our Latest Stock Report on Winnebago Industries
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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