Winnebago Industries (NYSE:WGO) Upgraded to “Hold” by StockNews.com

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

Several other research analysts also recently weighed in on the company. Citigroup upped their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a buy rating in a research note on Friday, July 12th. Truist Financial raised their target price on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a buy rating in a research note on Friday, September 20th. Roth Mkm reduced their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a neutral rating on the stock in a report on Friday, June 21st. Benchmark assumed coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They set a buy rating and a $75.00 price objective for the company. Finally, Robert W. Baird cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a research report on Friday, June 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $70.00.

Winnebago Industries Stock Performance

WGO opened at $58.11 on Friday. The company has a 50 day simple moving average of $58.02 and a two-hundred day simple moving average of $60.10. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The firm has a market cap of $1.68 billion, a P/E ratio of 22.44 and a beta of 1.62. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42.

Winnebago Industries Increases Dividend

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

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now directly owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $13,809,000. Stifel Financial Corp grew its position in Winnebago Industries by 22.4% in the 4th quarter. Stifel Financial Corp now owns 85,629 shares of the construction company’s stock valued at $6,242,000 after acquiring an additional 15,657 shares during the last quarter. TFO Wealth Partners LLC increased its stake in 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 purchasing an additional 2,006 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Winnebago Industries during the fourth quarter worth $4,190,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after purchasing an additional 161,987 shares during the last quarter.

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.