Winnebago Industries (NYSE:WGO) Shares Gap Up – Should You Buy?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $47.55, but opened at $49.00. Winnebago Industries shares last traded at $47.52, with a volume of 65,393 shares changing hands.

Wall Street Analyst Weigh In

WGO has been the subject of a number of analyst reports. BMO Capital Markets decreased their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial decreased their price objective on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. DA Davidson decreased their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Benchmark reiterated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, Robert W. Baird reduced their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.78.

Winnebago Industries Stock Performance

The stock’s 50-day simple moving average is $55.16 and its 200 day simple moving average is $56.37. The company has a market capitalization of $1.30 billion, a PE ratio of 152.71 and a beta of 1.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue was down 18.0% on a year-over-year basis. As a group, research analysts expect that Winnebago Industries, Inc. will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.97%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William C. Fisher bought 2,000 shares of Winnebago Industries stock in a transaction on Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the acquisition, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently bought and sold shares of WGO. GAMMA Investing LLC raised its holdings in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Quarry LP grew its position in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Winnebago Industries by 196.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after purchasing an additional 989 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Winnebago Industries in the 2nd quarter worth about $110,000.

Winnebago Industries Company Profile

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.