Winnebago Industries (NYSE:WGO) Stock Jumps 6.8% – Time to Buy?

Winnebago Industries, Inc. (NYSE:WGO) traded up 6.8% during mid-day trading on Thursday. The company traded as high as $23.86 and last traded at $24.6550. Approximately 16,676 shares traded hands during trading, a decline of 97% from the average daily volume of 643,063 shares. The stock had previously closed at $23.09.

Analyst Upgrades and Downgrades

WGO has been the topic of a number of recent analyst reports. Roth Capital dropped their price objective on Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, June 23rd. Benchmark cut their target price on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, June 23rd. Weiss Ratings cut Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a report on Friday, June 26th. Finally, Zacks Research raised Winnebago Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.67.

Winnebago Industries Stock Performance

The stock has a market cap of $677.74 million, a PE ratio of 17.63 and a beta of 1.18. The stock has a fifty day moving average of $28.40 and a 200-day moving average of $29.80. The company has a quick ratio of 0.92, a current ratio of 2.37 and a debt-to-equity ratio of 0.36.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were paid a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.44 annualized dividend and a yield of 6.0%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio is presently 105.88%.

Insider Buying and Selling

In related news, SVP Bret A. Woodson sold 2,414 shares of Winnebago Industries stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $32.66, for a total value of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares in the company, valued at $1,021,408.84. The trade was a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares in the company, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 15,694 shares of company stock valued at $511,658. Company insiders own 4.88% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NFSG Corp boosted its position in shares of Winnebago Industries by 82.9% during the 3rd quarter. NFSG Corp now owns 3,200 shares of the RV manufacturer’s stock worth $84,000 after purchasing an additional 1,450 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Winnebago Industries by 145.2% in the 3rd quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock valued at $25,000 after purchasing an additional 565 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Winnebago Industries by 639.2% in the third quarter. Farther Finance Advisors LLC now owns 9,513 shares of the RV manufacturer’s stock valued at $251,000 after purchasing an additional 8,226 shares during the period. Versant Capital Management Inc lifted its stake in shares of Winnebago Industries by 365.6% in the third quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock valued at $35,000 after purchasing an additional 1,031 shares during the period. Finally, Tidal Investments LLC acquired a new stake in shares of Winnebago Industries in the second quarter valued at about $558,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.