Winnebago Industries Inc. (NYSE:WGO)’s share price was up 1.8% on Friday after the company announced a dividend. The company traded as high as $28.80 and last traded at $28.34, with a volume of 423,838 shares. The stock had previously closed at $27.84.
The newly announced dividend which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Monday, November 7th. Winnebago Industries’s dividend payout ratio is currently 23.67%.
Several research analysts have recently weighed in on WGO shares. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 price objective on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets upped their price objective on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Winnebago Industries presently has a consensus rating of “Hold” and a consensus price target of $29.33.
The company has a market capitalization of $762.15 million, a price-to-earnings ratio of 17.39 and a beta of 2.11. The stock’s 50 day moving average is $24.75 and its 200-day moving average is $22.83.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.49. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The company earned $263.30 million during the quarter, compared to analysts’ expectations of $252.52 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts expect that Winnebago Industries Inc. will post $1.63 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC bought a new position in Winnebago Industries during the second quarter worth $120,000. Hussman Strategic Advisors Inc. bought a new position in Winnebago Industries during the second quarter worth $142,000. Acrospire Investment Management LLC raised its position in Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock worth $200,000 after buying an additional 6,400 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock worth $201,000 after buying an additional 4,144 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Winnebago Industries during the second quarter worth $235,000. 91.48% of the stock is owned by institutional investors.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
Receive News & Ratings for Winnebago Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.