Winnebago Industries, Inc. (NYSE:WGO) to Issue Quarterly Dividend of $0.34

Winnebago Industries, Inc. (NYSE:WGOGet Free Report) announced a quarterly dividend on Wednesday, December 18th,RTT News reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.34 per share by the construction company on Wednesday, January 29th. This represents a $1.36 annualized dividend and a yield of 2.93%. The ex-dividend date is Wednesday, January 15th.

Winnebago Industries has increased its dividend payment by an average of 33.0% annually over the last three years. Winnebago Industries has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Winnebago Industries to earn $4.88 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 27.9%.

Winnebago Industries Stock Down 4.4 %

Shares of NYSE WGO opened at $46.35 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries has a 1 year low of $45.44 and a 1 year high of $74.10. The stock’s 50-day simple moving average is $54.95 and its 200-day simple moving average is $56.37. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 154.51 and a beta of 1.62.

Winnebago Industries (NYSE:WGOGet Free Report) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.06 earnings per share. As a group, equities analysts anticipate that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WGO shares. Robert W. Baird cut their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. Finally, Truist Financial dropped their price target on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.78.

View Our Latest Research Report on Winnebago Industries

Insider Buying and Selling

In related news, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate 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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Dividend History for Winnebago Industries (NYSE:WGO)

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