Winnebago Industries, Inc. to Issue Quarterly Dividend of $0.10 (WGO)
Winnebago Industries, Inc. (NYSE:WGO) announced a quarterly dividend on Wednesday, May 24th. Investors of record on Wednesday, July 12th will be given a dividend of 0.10 per share by the construction company on Wednesday, July 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%.
Winnebago Industries has a payout ratio of 17.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Winnebago Industries to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.9%.
Winnebago Industries (NYSE:WGO) traded up 0.57% during mid-day trading on Wednesday, hitting $26.30. 251,929 shares of the company were exchanged. The firm has a 50 day moving average price of $26.89 and a 200 day moving average price of $30.92. Winnebago Industries has a 12 month low of $20.32 and a 12 month high of $39.30. The stock has a market cap of $830.71 million, a price-to-earnings ratio of 13.66 and a beta of 1.95.
Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, March 22nd. The construction company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $370.50 million for the quarter, compared to analyst estimates of $345.19 million. Winnebago Industries had a return on equity of 18.27% and a net margin of 4.84%. Winnebago Industries’s revenue for the quarter was up 64.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Analysts anticipate that Winnebago Industries will post $2.19 EPS for the current fiscal year.
Several equities analysts recently commented on the company. BMO Capital Markets reissued a “market perform” rating and set a $29.00 price target (down from $40.00) on shares of Winnebago Industries in a research report on Friday, March 10th. Griffin Securities reissued a “buy” rating on shares of Winnebago Industries in a research report on Thursday, March 23rd. Zacks Investment Research lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Monday, March 27th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, March 23rd. Finally, CL King assumed coverage on Winnebago Industries in a research report on Monday, April 24th. They set a “buy” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.80.
In other news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction dated Monday, April 10th. The stock was acquired at an average cost of $25.94 per share, for a total transaction of $51,880.00. Following the acquisition, the director now owns 13,600 shares of the company’s stock, valued at $352,784. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Christopher J. Braun purchased 5,000 shares of the stock in a transaction dated Friday, May 12th. The stock was purchased at an average price of $27.72 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,278 shares of company stock worth $301,623 over the last 90 days. 1.50% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Winnebago Industries by 5.4% in the first quarter. State Street Corp now owns 638,509 shares of the construction company’s stock worth $18,678,000 after buying an additional 32,448 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Winnebago Industries by 5.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 120,340 shares of the construction company’s stock worth $3,520,000 after buying an additional 6,126 shares during the period. Geode Capital Management LLC increased its stake in shares of Winnebago Industries by 3.0% in the first quarter. Geode Capital Management LLC now owns 196,675 shares of the construction company’s stock worth $5,752,000 after buying an additional 5,782 shares during the period. Vanguard Group Inc. increased its stake in shares of Winnebago Industries by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,469,787 shares of the construction company’s stock worth $42,991,000 after buying an additional 133,676 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Winnebago Industries by 3.5% in the first quarter. Teachers Advisors LLC now owns 44,895 shares of the construction company’s stock worth $1,313,000 after buying an additional 1,519 shares during the period. Institutional investors and hedge funds own 83.36% of the company’s stock.
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 designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
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