Benchmark Reaffirms Buy Rating for Winnebago Industries (NYSE:WGO)

Benchmark reiterated their buy rating on shares of Winnebago Industries (NYSE:WGO) in a report published on Monday,Benzinga reports. Benchmark currently has a $70.00 price objective on the construction company’s stock.

A number of other research firms have also weighed in on WGO. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research raised 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. Finally, Truist Financial decreased their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $47.89 on Monday. Winnebago Industries has a 52 week low of $47.10 and a 52 week high of $74.61. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $57.01 and a 200-day moving average price of $57.02. The company has a market cap of $1.38 billion, a PE ratio of 159.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $672.23 million. During the same period in the previous year, the company posted $1.06 earnings per share. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities analysts anticipate that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Insider Activity at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Happe bought 2,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the purchase, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC purchased a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $45,000. Quarry LP raised its holdings in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Winnebago Industries during the 2nd quarter valued at $76,000.

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.