Winnebago Industries (NYSE:WGO) Trading 5% Higher – Should You Buy?

Shares of Winnebago Industries, Inc. (NYSE:WGO) shot up 5% during mid-day trading on Thursday . The stock traded as high as $36.67 and last traded at $36.63. 358,599 shares changed hands during trading, a decline of 42% from the average session volume of 621,700 shares. The stock had previously closed at $34.89.

Analyst Upgrades and Downgrades

WGO has been the topic of several research reports. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, November 11th. DA Davidson decreased their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, Truist Financial boosted their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Price Performance

The firm has a market cap of $1.04 billion, a P/E ratio of -55.68 and a beta of 1.62. The business has a fifty day moving average of $45.89 and a 200 day moving average of $53.44. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 EPS. On average, sell-side analysts anticipate that Winnebago Industries, Inc. will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.70%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Large investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in shares of Winnebago Industries during the 3rd quarter valued at approximately $7,750,000. Quantbot Technologies LP increased its position in Winnebago Industries by 94.5% in the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after acquiring an additional 31,242 shares during the period. Vestcor Inc raised its stake in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 8,837 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the period. Finally, Entropy Technologies LP grew its position in shares of Winnebago Industries by 89.2% in the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after buying an additional 8,796 shares during the last quarter.

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.