StockNews.com lowered shares of Winnebago Industries (NYSE:WGO – Get Rating) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.
Several other brokerages also recently commented on WGO. MKM Partners downgraded shares of Winnebago Industries from a buy rating to a neutral rating and set a $67.00 price objective for the company. in a research report on Tuesday, August 9th. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $80.00 to $70.00 and set an outperform rating for the company in a research report on Thursday, June 23rd. TheStreet downgraded shares of Winnebago Industries from a b- rating to a c+ rating in a research report on Monday, June 13th. Finally, BMO Capital Markets started coverage on shares of Winnebago Industries in a research report on Friday, June 24th. They set a buy rating and a $85.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $73.88.
Get Winnebago Industries alerts:Winnebago Industries Stock Performance
Shares of WGO stock opened at $53.21 on Thursday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 4.58 and a beta of 1.68. Winnebago Industries has a 52 week low of $43.05 and a 52 week high of $80.30. The company has a quick ratio of 1.18, a current ratio of 2.09 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $59.28 and a 200-day moving average of $54.95.
Winnebago Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, September 13th. This is a boost from Winnebago Industries's previous quarterly dividend of $0.18. This represents a $1.08 annualized dividend and a yield of 2.03%. Winnebago Industries's dividend payout ratio (DPR) is 9.30%.Hedge Funds Weigh In On Winnebago Industries
Several large investors have recently bought and sold shares of WGO. Millennium Management LLC lifted its stake in Winnebago Industries by 6,157.2% during the 2nd quarter. Millennium Management LLC now owns 834,832 shares of the construction company's stock valued at $40,539,000 after acquiring an additional 821,490 shares in the last quarter. Wasatch Advisors Inc. bought a new position in Winnebago Industries during the 4th quarter valued at $26,319,000. Vanguard Group Inc. lifted its stake in Winnebago Industries by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company's stock valued at $151,689,000 after acquiring an additional 338,099 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Winnebago Industries by 395.3% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 409,444 shares of the construction company's stock valued at $19,883,000 after acquiring an additional 326,780 shares in the last quarter. Finally, Cooke & Bieler LP lifted its stake in Winnebago Industries by 13.2% during the 2nd quarter. Cooke & Bieler LP now owns 2,371,057 shares of the construction company's stock valued at $115,139,000 after acquiring an additional 276,970 shares in the last quarter. 97.78% of the stock is currently owned by institutional investors.
About Winnebago Industries
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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.
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