Winnebago Industries, Inc. (NYSE:WGO) Stock Has Average Target Price of $35.56 According to Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.00.

Several research firms have commented on WGO. Weiss Ratings lowered shares of Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 14th. Wall Street Zen upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. BMO Capital Markets reduced their target price on shares of Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Zacks Research upgraded shares of Winnebago Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Seaport Research Partners assumed coverage on shares of Winnebago Industries in a report on Monday, July 27th. They issued a “neutral” rating for the company.

Winnebago Industries Stock Down 0.2%

NYSE WGO opened at $30.54 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. The company has a market capitalization of $868.56 million, a P/E ratio of 25.24 and a beta of 1.21. Winnebago Industries has a one year low of $21.95 and a one year high of $50.16. The stock has a 50 day moving average price of $27.49 and a 200-day moving average price of $32.82.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. As a group, equities analysts predict that Winnebago Industries will post 1.94 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 4.7%. Winnebago Industries’s payout ratio is presently 119.01%.

Insider Activity at Winnebago Industries

In other news, CEO Michael Happe sold 12,045 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value 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. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed 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 1,235 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $31.73, for a total value of $39,186.55. Following the completion of the sale, the senior vice president directly owned 31,373 shares of the company’s stock, valued at $995,465.29. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,694 shares of company stock worth $511,658 over the last three months. 4.88% of the stock is currently owned by insiders.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pzena Investment Management LLC purchased a new position in Winnebago Industries during the second quarter worth $53,406,000. Dimensional Fund Advisors LP raised its stake in shares of Winnebago Industries by 8.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock valued at $48,968,000 after acquiring an additional 129,228 shares during the period. Maple Rock Capital Partners Inc. raised its stake in shares of Winnebago Industries by 33.3% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after acquiring an additional 389,400 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Winnebago Industries by 72.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of Winnebago Industries by 300.6% in the 1st quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock worth $17,771,000 after acquiring an additional 430,300 shares during the last quarter.

About Winnebago Industries

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 outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.