Winnebago Industries Inc. (NYSE:WGO) shares rose 1.8% during trading on Friday after the company announced a dividend. The stock traded as high as $28.80 and last traded at $28.34, with a volume of 423,838 shares changing hands. The stock had previously closed at $27.84.
The newly announced dividend which will be paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th will be given a $0.10 dividend. The ex-dividend date is Monday, November 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.41%. Winnebago Industries’s dividend payout ratio (DPR) is currently 24.54%.
WGO has been the subject of a number of analyst reports. Robert W. Baird upgraded shares of Winnebago Industries from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $25.00 to $30.00 in a research report on Monday, October 3rd. Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, BMO Capital Markets raised their target price on shares of Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.33.
The firm’s 50 day moving average price is $24.63 and its 200 day moving average price is $22.78. The company has a market cap of $762.15 million, a price-to-earnings ratio of 17.39 and a beta of 2.11.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, October 13th. The company reported $0.49 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. Winnebago Industries had a net margin of 4.58% and a return on equity of 18.15%. The firm earned $263.30 million during the quarter, compared to analyst estimates of $252.52 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries Inc. will post $1.63 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. raised its stake in Winnebago Industries by 1.2% in the second quarter. Whittier Trust Co. now owns 57,056 shares of the company’s stock valued at $1,307,000 after buying an additional 691 shares during the last quarter. HL Financial Services LLC increased its position in shares of Winnebago Industries by 11.3% in the second quarter. HL Financial Services LLC now owns 89,051 shares of the company’s stock worth $2,041,000 after buying an additional 9,032 shares during the period. Mount Vernon Associates Inc. MD increased its position in shares of Winnebago Industries by 1.1% in the second quarter. Mount Vernon Associates Inc. MD now owns 35,800 shares of the company’s stock worth $821,000 after buying an additional 400 shares during the period. Bank of Montreal Can bought a new position in shares of Winnebago Industries during the second quarter worth about $1,554,000. Finally, New York State Teachers Retirement System increased its position in shares of Winnebago Industries by 2.6% in the second quarter. New York State Teachers Retirement System now owns 100,282 shares of the company’s stock worth $2,298,000 after buying an additional 2,500 shares during the period. 91.48% of the stock is owned by hedge funds and other institutional investors.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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