Winnebago Industries Inc. (WGO) Shares Up 1.8% Following Dividend Announcement
Winnebago Industries Inc. (NYSE:WGO) shot up 1.8% during trading on Friday after the company announced a dividend. The stock traded as high as $28.80 and last traded at $28.34, with a volume of 423,838 shares changing hands. The stock had previously closed at $27.84.
The newly announced dividend which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Monday, November 7th. Winnebago Industries’s dividend payout ratio is 24.54%.
WGO has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 price objective on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets upped their price objective on shares of Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.33.
The firm has a market cap of $762.15 million, a PE ratio of 17.39 and a beta of 2.11. The firm has a 50 day moving average price of $24.63 and a 200-day moving average price of $22.78.
Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, October 13th. The company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Winnebago Industries had a net margin of 4.58% and a return on equity of 18.15%. The firm earned $263.30 million during the quarter, compared to analyst estimates of $252.52 million. During the same quarter last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that Winnebago Industries Inc. will post $1.63 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Lebenthal Asset Management LLC purchased a new position in Winnebago Industries during the second quarter worth approximately $4,659,000. Numeric Investors LLC raised its position in Winnebago Industries by 135.4% in the second quarter. Numeric Investors LLC now owns 340,144 shares of the company’s stock worth $7,796,000 after buying an additional 195,644 shares during the period. Dimensional Fund Advisors LP raised its position in Winnebago Industries by 13.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,399,492 shares of the company’s stock worth $32,076,000 after buying an additional 163,197 shares during the period. Thomson Horstmann & Bryant Inc. raised its position in Winnebago Industries by 34.3% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 485,707 shares of the company’s stock worth $11,132,000 after buying an additional 123,957 shares during the period. Finally, Chartwell Investment Partners LLC purchased a new position in Winnebago Industries during the second quarter worth approximately $1,878,000. Institutional investors own 91.48% of the company’s stock.
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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