Winnebago Industries (NYSE:WGO) Hits New 12-Month High at $54.90

Winnebago Industries, Inc. (NYSE:WGO)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $54.90 and last traded at $54.42, with a volume of 7472 shares traded. The stock had previously closed at $53.62.

Several brokerages have recently issued reports on WGO. ValuEngine downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. SunTrust Banks raised their price target on Winnebago Industries from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a research report on Friday, December 20th. Robert W. Baird set a $42.00 price target on Winnebago Industries and gave the company a “buy” rating in a research report on Tuesday, September 17th. Finally, BMO Capital Markets raised their price target on Winnebago Industries from $60.00 to $63.00 and gave the company a “top pick” rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Winnebago Industries has an average rating of “Buy” and an average price target of $49.14.

The company has a quick ratio of 1.14, a current ratio of 2.20 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $50.19 and a 200-day moving average price of $42.27. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 0.59 and a beta of 1.63.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.10. Winnebago Industries had a net margin of 4.98% and a return on equity of 17.07%. The business had revenue of $588.50 million during the quarter, compared to analysts’ expectations of $541.52 million. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis. Equities analysts expect that Winnebago Industries, Inc. will post 4.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Tuesday, January 14th. Winnebago Industries’s payout ratio is presently 12.79%.

In other Winnebago Industries news, VP Brian Daniel Hazelton sold 5,113 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $48.93, for a total transaction of $250,179.09. Following the completion of the transaction, the vice president now owns 16,479 shares in the company, valued at $806,317.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in WGO. Waratah Capital Advisors Ltd. acquired a new position in shares of Winnebago Industries during the 3rd quarter worth about $13,012,000. Nuveen Asset Management LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at about $4,819,000. Castleark Management LLC acquired a new position in Winnebago Industries in the 3rd quarter valued at about $4,058,000. Man Group plc acquired a new position in Winnebago Industries in the 3rd quarter valued at about $3,715,000. Finally, Morgan Stanley grew its stake in Winnebago Industries by 96.4% in the 2nd quarter. Morgan Stanley now owns 185,369 shares of the construction company’s stock valued at $7,165,000 after buying an additional 90,985 shares during the last quarter. Institutional investors own 93.11% of the company’s stock.

Winnebago Industries Company Profile (NYSE:WGO)

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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