Winnebago Industries (NYSE:WGO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research note published on Friday.

Several other equities analysts have also recently weighed in on WGO. Roth Mkm lowered their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a neutral rating on the stock in a research note on Friday, June 21st. Benchmark assumed coverage on shares of Winnebago Industries in a research report on Thursday, July 18th. They issued a buy rating and a $75.00 price target on the stock. Truist Financial boosted their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a buy rating in a research report on Friday, September 20th. BMO Capital Markets decreased their target price on Winnebago Industries from $80.00 to $75.00 and set an outperform rating on the stock in a report on Friday, June 21st. Finally, Robert W. Baird lowered their target price on Winnebago Industries from $75.00 to $70.00 and set an outperform rating on the stock in a research report on Friday, June 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Winnebago Industries presently has an average rating of Moderate Buy and a consensus target price of $70.00.

Winnebago Industries Stock Performance

WGO stock opened at $58.21 on Friday. The stock’s 50 day simple moving average is $58.01 and its 200 day simple moving average is $60.13. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The stock has a market capitalization of $1.69 billion, a PE ratio of 22.47 and a beta of 1.62.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a $0.34 dividend. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio is 52.51%.

Insider Activity

In related news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently made changes to their positions in WGO. Innealta Capital LLC purchased a new stake in Winnebago Industries during the second quarter worth about $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth approximately $75,000. nVerses Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter valued at approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Winnebago Industries in the second quarter worth $110,000. Finally, TFO Wealth Partners LLC grew its stake in shares of Winnebago Industries by 33,433.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after acquiring an additional 2,006 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.