Winnebago Industries, Inc. (WGO) to Issue Quarterly Dividend of $0.34 on April 30th

Winnebago Industries, Inc. (NYSE:WGO) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors 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 yield of 3.91%. The ex-dividend date is Wednesday, April 16th.

Winnebago Industries has raised 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 research 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 Stock Performance

Shares of WGO opened at $34.79 on Friday. The stock has a 50 day moving average price of $42.93 and a 200 day moving average price of $51.58. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $987.85 million, a price-to-earnings ratio of -52.71 and a beta of 1.70. Winnebago Industries has a 52-week low of $34.05 and a 52-week high of $74.10.

Winnebago Industries (NYSE:WGO) last announced its quarterly 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). The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. Research analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.63% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WGO. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial increased their price objective on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. DA Davidson decreased their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Citigroup decreased their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. Finally, KeyCorp decreased their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $60.00.

About Winnebago Industries

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.