Winnebago Industries Inc. Announces Quarterly Dividend of $0.10 (WGO)
Winnebago Industries Inc. (NYSE:WGO) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Wednesday, November 9th will be given a dividend of 0.10 per share on Wednesday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%.
Shares of Winnebago Industries (NYSE:WGO) opened at 27.90 on Thursday. Winnebago Industries has a 1-year low of $15.41 and a 1-year high of $30.60. The stock has a 50 day moving average price of $24.52 and a 200-day moving average price of $22.75. The firm has a market cap of $750.31 million, a price-to-earnings ratio of 17.12 and a beta of 2.11.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, October 13th. The company reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The business earned $263.30 million during the quarter, compared to analyst estimates of $263.30 million. Winnebago Industries had a return on equity of 18.15% and a net margin of 4.58%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, equities research analysts expect that Winnebago Industries will post $1.63 earnings per share for the current fiscal year.
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A number of hedge funds have recently added to or reduced their stakes in WGO. Citadel Advisors LLC raised its position in Winnebago Industries by 29.4% in the second quarter. Citadel Advisors LLC now owns 33,430 shares of the company’s stock valued at $766,000 after buying an additional 7,590 shares during the period. KCG Holdings Inc. bought a new position in Winnebago Industries during the second quarter valued at $830,000. Stevens Capital Management LP bought a new position in Winnebago Industries during the second quarter valued at $429,000. Teachers Advisors Inc. raised its position in Winnebago Industries by 8.6% in the second quarter. Teachers Advisors Inc. now owns 42,701 shares of the company’s stock valued at $979,000 after buying an additional 3,383 shares during the period. Finally, Alliancebernstein L.P. raised its position in Winnebago Industries by 118.2% in the second quarter. Alliancebernstein L.P. now owns 104,486 shares of the company’s stock valued at $2,395,000 after buying an additional 56,610 shares during the period. 91.48% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on the company. Zacks Investment Research raised Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, June 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Winnebago Industries in a research report on Saturday, June 25th. Finally, BMO Capital Markets raised their target price on Winnebago Industries from $27.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Winnebago Industries currently has an average rating of “Hold” and an average target price of $29.33.
Winnebago Industries Company Profile
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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