Winnebago Industries, Inc. (NYSE:WGO) Announces $0.34 Quarterly Dividend

by · The Cerbat Gem

Winnebago Industries, Inc. (NYSE:WGO – Get Free Report) announced a quarterly dividend on Wednesday, March 19th, RTT News reports. Investors of record on Wednesday, April 16th will be paid a dividend of 0.34 per share by the construction company on Wednesday, April 30th. This represents a $1.36 annualized dividend and a yield of 3.84%.

Winnebago Industries has increased its dividend by an average of 29.4% annually over the last three years. Winnebago Industries has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Winnebago Industries to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 29.1%.

Winnebago Industries Stock Up 2.1 %

WGO stock traded up $0.72 during midday trading on Wednesday, reaching $35.45. 728,781 shares of the company were exchanged, compared to its average volume of 629,562. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a 1-year low of $34.12 and a 1-year high of $74.10. The stock’s 50-day simple moving average is $43.47 and its 200 day simple moving average is $51.81. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -53.71 and a beta of 1.70.

Winnebago Industries (NYSE:WGO – Get Free Report) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period in the previous year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, equities analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on WGO shares. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Citigroup lowered their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. DA Davidson lowered their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.22.

Check Out Our Latest Research Report on Winnebago Industries

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.63% of the stock is currently owned by insiders.

About Winnebago Industries

(Get Free Report)

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.

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