Winnebago Industries, Inc. (WGO) Receives Average Recommendation of “Buy” from Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $32.75.

WGO has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $29.00 target price (down previously from $40.00) on shares of Winnebago Industries in a report on Friday, March 10th. Griffin Securities reiterated a “buy” rating on shares of Winnebago Industries in a report on Thursday, March 23rd. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Saturday, March 25th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating in a report on Thursday, March 23rd. Finally, CL King initiated coverage on Winnebago Industries in a report on Monday, April 24th. They set a “buy” rating and a $32.00 target price on the stock.

In related news, Director William C. Fisher purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The shares were bought at an average price of $25.94 per share, for a total transaction of $51,880.00. Following the purchase, the director now directly owns 13,600 shares of the company’s stock, valued at approximately $352,784. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brian Daniel Hazelton purchased 2,278 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The stock was bought at an average price of $26.27 per share, for a total transaction of $59,843.06. Following the purchase, the vice president now directly owns 13,278 shares in the company, valued at $348,813.06. The disclosure for this purchase can be found here. Insiders purchased a total of 11,278 shares of company stock worth $301,623 in the last 90 days. 1.50% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Winnebago Industries by 170,889.1% in the first quarter. BlackRock Inc. now owns 3,216,305 shares of the construction company’s stock valued at $94,078,000 after buying an additional 3,214,424 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Winnebago Industries by 690.4% in the first quarter. Goldman Sachs Group Inc. now owns 477,183 shares of the construction company’s stock valued at $13,958,000 after buying an additional 416,813 shares during the last quarter. Norges Bank bought a new stake in Winnebago Industries during the fourth quarter valued at $12,541,000. Cooke & Bieler LP increased its stake in Winnebago Industries by 22.5% in the first quarter. Cooke & Bieler LP now owns 1,518,362 shares of the construction company’s stock valued at $44,412,000 after buying an additional 278,637 shares during the last quarter. Finally, Walthausen & Co. LLC increased its stake in Winnebago Industries by 68.8% in the first quarter. Walthausen & Co. LLC now owns 368,388 shares of the construction company’s stock valued at $10,775,000 after buying an additional 150,161 shares during the last quarter. Institutional investors own 83.36% of the company’s stock.

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Shares of Winnebago Industries (NYSE:WGO) opened at 27.45 on Friday. Winnebago Industries has a 1-year low of $20.32 and a 1-year high of $39.30. The stock has a 50 day moving average price of $26.78 and a 200-day moving average price of $30.61. The company has a market cap of $867.04 million, a price-to-earnings ratio of 14.26 and a beta of 1.95.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, March 22nd. The construction company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Winnebago Industries had a return on equity of 18.27% and a net margin of 4.84%. The firm had revenue of $370.50 million for the quarter, compared to the consensus estimate of $345.19 million. During the same quarter in the prior year, the business earned $0.35 EPS. The business’s revenue for the quarter was up 64.2% on a year-over-year basis. Equities research analysts forecast that Winnebago Industries will post $2.17 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 26th. Investors of record on Wednesday, July 12th will be paid a $0.10 dividend. The ex-dividend date is Monday, July 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.46%. Winnebago Industries’s payout ratio is currently 22.35%.

About Winnebago Industries

Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WGO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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