Winnebago Industries (NYSE:WGO) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Winnebago Industries (NYSE:WGO) from a sell rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Truist Financial reduced their target price on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Northcoast Research downgraded Winnebago Industries from a “buy” rating to a “neutral” rating in a report on Monday, June 1st. Zacks Research upgraded Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. DA Davidson reissued a “neutral” rating and set a $35.00 price target on shares of Winnebago Industries in a research report on Monday, June 15th. Finally, Citigroup lifted their price objective on shares of Winnebago Industries from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $36.33.

Winnebago Industries Price Performance

WGO opened at $28.31 on Friday. The company has a 50-day moving average of $30.82 and a 200-day moving average of $31.62. The company has a market capitalization of $800.18 million, a P/E ratio of 20.81 and a beta of 1.12. Winnebago Industries has a 1-year low of $26.80 and a 1-year high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.10). The company had revenue of $698.70 million during the quarter, compared to analyst estimates of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. Equities analysts expect that Winnebago Industries will post 1.81 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.1%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Winnebago Industries’s dividend payout ratio is presently 105.88%.

Insider Activity

In other news, CEO Michael J. Happe sold 12,045 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 1,235 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total value of $39,186.55. Following the sale, the senior vice president directly owned 31,373 shares of the company’s stock, valued at approximately $995,465.29. This represents a 3.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,694 shares of company stock worth $511,658. 4.88% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Winnebago Industries by 90.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock worth $26,000 after acquiring an additional 364 shares during the period. Allworth Financial LP bought a new stake in Winnebago Industries during the second quarter valued at about $33,000. Clearstead Advisors LLC bought a new stake in Winnebago Industries during the fourth quarter valued at about $35,000. Hantz Financial Services Inc. grew its position in shares of Winnebago Industries by 36.2% in the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock valued at $66,000 after purchasing an additional 435 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after purchasing an additional 309 shares during the last quarter.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.