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Winnebago Industries (NYSE:WGO) Downgraded to Hold at StockNews.com

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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.

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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

(Get Rating)

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.

See Also

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