Winnebago Industries’ (WGO) “Sell (D+)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d+) rating on shares of Winnebago Industries (NYSE:WGO) in a research report report published on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on WGO. Truist Financial lowered their price target on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Citigroup upped their price target on Winnebago Industries from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Benchmark lowered their price target on Winnebago Industries from $60.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, June 30th. BMO Capital Markets lowered their price target on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, June 26th. Finally, Robert W. Baird decreased their target price on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, June 26th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.78.

Winnebago Industries Trading Down 5.2%

WGO opened at $29.66 on Wednesday. The business has a 50 day simple moving average of $33.82 and a two-hundred day simple moving average of $32.90. The firm has a market capitalization of $831.37 million, a price-to-earnings ratio of -50.27 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th were given a dividend of $0.35 per share. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.40 dividend on an annualized basis and a yield of 4.7%. Winnebago Industries’s dividend payout ratio is -237.29%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the RV manufacturer’s stock valued at $25,000 after buying an additional 720 shares in the last quarter. Signaturefd LLC bought a new position in Winnebago Industries during the 1st quarter valued at approximately $31,000. GAMMA Investing LLC increased its position in Winnebago Industries by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,123 shares of the RV manufacturer’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. State of Wyoming bought a new position in Winnebago Industries during the 1st quarter valued at approximately $47,000. Finally, Allworth Financial LP increased its position in Winnebago Industries by 61.5% during the 1st quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer’s stock valued at $55,000 after buying an additional 633 shares in the last quarter.

About Winnebago Industries

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.