Winnebago Industries, Inc. (NYSE:WGO) to Issue Quarterly Dividend of $0.34

Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Stockholders of record on Wednesday, April 16th will be paid a dividend of 0.34 per share by the construction company on Wednesday, April 30th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, April 16th.

Winnebago Industries has increased its dividend by an average of 29.4% annually over the last three years. Winnebago Industries has a dividend payout ratio of 29.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Winnebago Industries to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Trading Down 1.9 %

Shares of WGO stock opened at $34.79 on Friday. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a fifty-two week low of $34.05 and a fifty-two week high of $74.10. The stock has a market cap of $987.85 million, a P/E ratio of -52.71 and a beta of 1.70. The business has a fifty day simple moving average of $42.93 and a 200-day simple moving average of $51.58.

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

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on 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 approximately $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WGO shares. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp reduced their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial boosted their price target on Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

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.