Winnebago Industries (NYSE:WGO) Upgraded to Hold at DA Davidson

DA Davidson upgraded shares of Winnebago Industries (NYSE:WGO) to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently commented on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday. Citigroup dropped their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. Truist Financial reduced their price objective on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp dropped their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Finally, Baird R W cut shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.67.

Winnebago Industries Stock Down 0.1 %

Shares of Winnebago Industries stock opened at $31.09 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $66.05. The business’s fifty day moving average price is $37.51 and its two-hundred day moving average price is $48.31. The company has a market capitalization of $871.30 million, a P/E ratio of -47.11 and a beta of 1.49.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company’s revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, research analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio (DPR) is currently -544.00%.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin E. Bryant purchased 4,200 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock valued at $25,000 after acquiring an additional 720 shares in the last quarter. Signal Advisors Wealth LLC boosted its position in Winnebago Industries by 3.3% during the first quarter. Signal Advisors Wealth LLC now owns 20,356 shares of the construction company’s stock valued at $702,000 after purchasing an additional 643 shares during the last quarter. Cascade Investment Advisors Inc. grew its stake in Winnebago Industries by 6.1% in the first quarter. Cascade Investment Advisors Inc. now owns 24,287 shares of the construction company’s stock valued at $837,000 after purchasing an additional 1,389 shares in the last quarter. Parallel Advisors LLC increased its position in Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after purchasing an additional 711 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Winnebago Industries by 9,187.9% during the 1st quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company’s stock worth $819,000 after purchasing an additional 23,521 shares in 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.