Winnebago Industries (NYSE:WGO) Upgraded to Hold 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 sent to investors on Sunday.

WGO has been the topic of several other reports. Truist Financial cut their price target on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark cut their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Robert W. Baird cut their price target on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday. Citigroup cut their price target on Winnebago Industries from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets cut their price target on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating on the stock in a research report on Thursday. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries presently has an average rating of “Moderate Buy” and an average price target of $44.33.

Winnebago Industries Price Performance

NYSE WGO opened at $29.26 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The stock’s fifty day moving average price is $33.09 and its 200 day moving average price is $38.77. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65. The company has a market cap of $820.13 million, a price-to-earnings ratio of -49.59 and a beta of 1.07.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The firm had revenue of $775.10 million for the quarter, compared to the consensus estimate of $808.15 million. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries’s payout ratio is currently -230.51%.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently modified their holdings of WGO. First Trust Advisors LP boosted its stake in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after buying an additional 305,818 shares in the last quarter. Barclays PLC lifted its stake in Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after buying an additional 245,131 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in Winnebago Industries in the 1st quarter valued at about $6,260,000. Finally, Renaissance Technologies LLC lifted its stake in Winnebago Industries by 204.8% in the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock valued at $10,225,000 after buying an additional 143,800 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.