Winnebago Industries Inc. (NYSE:WGO) released its quarterly earnings data on Thursday. The company reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. The business earned $263.30 million during the quarter, compared to analyst estimates of $252.52 million. Winnebago Industries had a return on equity of 17.86% and a net margin of 4.67%. The company’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS.
Shares of Winnebago Industries (NYSE:WGO) opened at 28.34 on Monday. Winnebago Industries has a 12-month low of $15.41 and a 12-month high of $30.60. The company has a 50-day moving average price of $24.75 and a 200 day moving average price of $22.83. The firm has a market capitalization of $762.15 million, a PE ratio of 17.39 and a beta of 2.11.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, November 7th. Winnebago Industries’s payout ratio is 23.67%.
Several brokerages recently weighed in on WGO. BMO Capital Markets lifted their price target on Winnebago Industries from $27.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, October 4th. Robert W. Baird upgraded Winnebago Industries from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $25.00 to $30.00 in a research note on Monday, October 3rd. Finally, Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Winnebago Industries currently has a consensus rating of “Hold” and an average target price of $29.33.
Large investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its stake in shares of Winnebago Industries by 209.6% in the first quarter. Glenmede Trust Co. NA now owns 14,544 shares of the company’s stock valued at $326,000 after buying an additional 9,846 shares during the period. Aperio Group LLC boosted its position in Winnebago Industries by 56.4% in the first quarter. Aperio Group LLC now owns 18,223 shares of the company’s stock valued at $409,000 after buying an additional 6,573 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Winnebago Industries by 196.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,195 shares of the company’s stock valued at $723,000 after buying an additional 21,350 shares in the last quarter. Prudential Financial Inc. boosted its position in Winnebago Industries by 30.9% in the first quarter. Prudential Financial Inc. now owns 82,193 shares of the company’s stock valued at $1,845,000 after buying an additional 19,409 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Winnebago Industries during the first quarter valued at about $498,000. Institutional investors and hedge funds own 91.48% of the company’s stock.
About Winnebago Industries