Winnebago Industries (NYSE:WGO) Raised to Overweight at KeyCorp

KeyCorp upgraded shares of Winnebago Industries (NYSE:WGO) from a sector weight rating to an overweight rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $58.00 price objective on the construction company’s stock.

Several other brokerages also recently commented on WGO. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. Truist Financial reduced their price target on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. BMO Capital Markets reduced their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Benchmark reiterated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

Winnebago Industries Stock Up 2.1 %

WGO stock opened at $48.57 on Wednesday. Winnebago Industries has a 12 month low of $45.44 and a 12 month high of $74.10. The firm has a market cap of $1.38 billion, a PE ratio of 161.91 and a beta of 1.62. The firm has a 50 day simple moving average of $55.31 and a 200 day simple moving average of $56.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. Equities research analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.80%. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the purchase, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % 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 company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC grew its stake in Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after buying an additional 245 shares during the last quarter. Sound Income Strategies LLC grew its stake in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after buying an additional 294 shares during the last quarter. GAMMA Investing LLC grew its stake in Winnebago Industries by 222.5% in 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 last quarter. Finally, Lakewood Asset Management LLC grew its stake in Winnebago Industries by 7.1% in the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock valued at $313,000 after buying an additional 355 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.