Winnebago Industries Inc. Declares Quarterly Dividend of $0.10 (WGO)
Winnebago Industries Inc. (NYSE:WGO) announced a quarterly dividend on Thursday, October 13th. Shareholders of record on Wednesday, November 9th will be given a dividend of 0.10 per share on Wednesday, November 23rd. This represents a $0.40 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, November 7th.
Shares of Winnebago Industries (NYSE:WGO) opened at 27.84 on Friday. Winnebago Industries has a 1-year low of $15.41 and a 1-year high of $30.60. The firm’s 50-day moving average price is $24.63 and its 200 day moving average price is $22.78. The firm has a market cap of $748.70 million, a PE ratio of 17.08 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The business had revenue of $263.30 million for the quarter, compared to analysts’ expectations of $252.52 million. Winnebago Industries had a return on equity of 18.15% and a net margin of 4.58%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, equities research analysts forecast that Winnebago Industries will post $1.63 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of WGO. Paloma Partners Management Co bought a new stake in Winnebago Industries during the second quarter worth about $235,000. BlackRock Advisors LLC raised its stake in Winnebago Industries by 7.1% in the second quarter. BlackRock Advisors LLC now owns 13,160 shares of the company’s stock worth $302,000 after buying an additional 874 shares during the last quarter. Arizona State Retirement System raised its stake in Winnebago Industries by 1.4% in the second quarter. Arizona State Retirement System now owns 13,999 shares of the company’s stock worth $321,000 after buying an additional 200 shares during the last quarter. Stevens Capital Management LP bought a new stake in Winnebago Industries during the second quarter worth about $429,000. Finally, Nationwide Fund Advisors raised its stake in Winnebago Industries by 3.1% in the second quarter. Nationwide Fund Advisors now owns 20,785 shares of the company’s stock worth $476,000 after buying an additional 628 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
WGO has been the topic of a number of research reports. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Thursday, June 30th. Robert W. Baird restated a “neutral” rating and issued a $25.00 price target on shares of Winnebago Industries in a report on Saturday, June 25th. Finally, BMO Capital Markets upped their price target on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.
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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