Winnebago Industries, Inc. (NYSE:WGO – Free Report) – Investment analysts at KeyCorp dropped their Q1 2024 earnings estimates for shares of Winnebago Industries in a report released on Wednesday, September 20th. KeyCorp analyst N. Zatzkin now expects that the construction company will earn $1.61 per share for the quarter, down from their prior forecast of $1.91. The consensus estimate for Winnebago Industries’ current full-year earnings is $7.49 per share. KeyCorp also issued estimates for Winnebago Industries’ Q2 2024 earnings at $1.70 EPS, Q4 2024 earnings at $1.74 EPS and FY2024 earnings at $7.00 EPS.
Several other research analysts have also commented on the stock. DA Davidson increased their price target on shares of Winnebago Industries from $57.00 to $59.00 in a research note on Friday, June 23rd. Truist Financial dropped their price target on shares of Winnebago Industries from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Finally, StockNews.com assumed coverage on shares of Winnebago Industries in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has an average rating of “Hold” and a consensus target price of $68.50.
Winnebago Industries Stock Performance
Shares of WGO opened at $59.58 on Monday. The company’s fifty day moving average is $64.95 and its 200-day moving average is $61.74. Winnebago Industries has a 12 month low of $50.82 and a 12 month high of $70.53. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 7.87 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 2.45 and a debt-to-equity ratio of 0.43.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Wyoming acquired a new stake in Winnebago Industries in the 4th quarter worth $26,000. Advisors Asset Management Inc. grew its position in Winnebago Industries by 71.8% in the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after purchasing an additional 260 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in Winnebago Industries in the 4th quarter worth $48,000. Ronald Blue Trust Inc. grew its position in Winnebago Industries by 35.9% in the 1st quarter. Ronald Blue Trust Inc. now owns 1,379 shares of the construction company’s stock worth $73,000 after purchasing an additional 364 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Winnebago Industries by 134,200.0% in the 1st quarter. Federated Hermes Inc. now owns 1,343 shares of the construction company’s stock worth $77,000 after purchasing an additional 1,342 shares during the last quarter.
Insider Activity at Winnebago Industries
In related news, insider Donald Jeff Clark sold 294,829 shares of the firm’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $67.89, for a total value of $20,015,940.81. Following the transaction, the insider now directly owns 468,997 shares in the company, valued at approximately $31,840,206.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.92% of the stock is currently owned by company insiders.
Winnebago Industries Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.27. This represents a $1.24 dividend on an annualized basis and a yield of 2.08%. Winnebago Industries’s dividend payout ratio (DPR) is presently 16.38%.
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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
Recommended Stories
- Five stocks we like better than Winnebago Industries
- Breakout Stocks: What They Are and How to Identify Them
- 3 Reasons This Sleeping Giant Is About To Wake Up
- What Is Dividend Yield and How Do You Calculate It?
- MarketBeat Week in Review – 9/18 – 9/22
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- 52-week Low Names To Tip The Upside Scale In Your Favor
Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.
