Winnebago Industries (NYSE:WGO) Shares Up 5% – Should You Buy?

Winnebago Industries, Inc. (NYSE:WGO)’s stock price was up 5% during mid-day trading on Thursday . The company traded as high as $36.67 and last traded at $36.63. Approximately 358,599 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 621,700 shares. The stock had previously closed at $34.89.

Analyst Ratings Changes

A number of research firms have recently issued reports on WGO. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Wednesday, January 8th. Truist Financial boosted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. DA Davidson cut their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Trading Up 5.3 %

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The business has a 50 day simple moving average of $45.89 and a 200-day simple moving average of $53.44. The stock has a market capitalization of $1.04 billion, a P/E ratio of -55.68 and a beta of 1.62.

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

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.70%. Winnebago Industries’s payout ratio is -206.06%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its holdings in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after acquiring an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 380 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 boosted 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. Finally, Exchange Traded Concepts LLC raised its stake in shares of Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after buying an additional 506 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.