Winnebago Industries (NYSE:WGO) Upgraded 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 released on Wednesday, MarketBeat reports. The brokerage currently has $58.00 target price on the construction company’s stock.

WGO has been the topic of a number of other research reports. Robert W. Baird cut their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. DA Davidson cut their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, November 11th. Finally, StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.78.

Winnebago Industries Stock Performance

Shares of 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 company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The firm has a market capitalization of $1.38 billion, a P/E ratio of 161.91 and a beta of 1.62. The company’s fifty day moving average price is $55.31 and its two-hundred day moving average price is $56.42.

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

Winnebago Industries Announces Dividend

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

Insider Buying and Selling

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This represents a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP bought a new position in Winnebago Industries in the 3rd quarter worth about $7,750,000. Quantbot Technologies LP boosted its holdings in shares of Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after acquiring an additional 31,242 shares in the last quarter. Vestcor Inc boosted its holdings in shares of Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 8,837 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Finally, Entropy Technologies LP boosted its holdings in shares of Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after acquiring an additional 8,796 shares in 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.