Winnebago Industries (NYSE:WGO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research report released on Sunday morning.

Several other analysts have also recently weighed in on WGO. Robert W. Baird dropped their price target on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Benchmark dropped their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Roth Capital dropped their price target on Winnebago Industries from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. BMO Capital Markets dropped their price target on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a report on Thursday, June 26th. Finally, KeyCorp dropped their price target on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating for the company in a report on Thursday, June 26th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Winnebago Industries Stock Performance

WGO opened at $30.66 on Friday. Winnebago Industries has a 12-month low of $28.00 and a 12-month high of $65.65. The stock has a market cap of $859.40 million, a price-to-earnings ratio of -51.97 and a beta of 1.02. The business has a 50 day moving average of $33.03 and a 200-day moving average of $38.53. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analysts’ expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 EPS. On average, equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.44%. Winnebago Industries’s dividend payout ratio (DPR) is presently -230.51%.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently added to or reduced their stakes in WGO. Vident Advisory LLC increased its stake in shares of Winnebago Industries by 2.9% in the 1st quarter. Vident Advisory LLC now owns 12,373 shares of the construction company’s stock valued at $426,000 after purchasing an additional 352 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank increased its stake in shares of Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Winnebago Industries by 5.5% in the 1st 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 last quarter.

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.