According to Bloomberg, research firms have given a consensus recommendation of “Hold” for Winnebago Industries, Inc. (NYSE:WGO), as reported on September 27, 2023. Out of the six research firms currently covering the stock, four recommend holding the stock, while two suggest buying it. Analysts who have issued ratings on the stock in the past year have set an average target price of $68.50 for the next twelve months.
On Wednesday, shares of WGO opened at $58.62. Over the past year, the stock has traded as low as $51.15 and as high as $70.53. The company has a market capitalization of $1.77 billion and a price-to-earnings ratio of 7.74 with a beta of 1.70. Additionally, Winnebago Industries has a current ratio of 2.45 and a quick ratio of 1.14. Its debt-to-equity ratio stands at 0.43. The 50-day simple moving average is reported to be $64.65, while the 200-day simple moving average is $61.75.
Recent transactions by large investors have been observed in relation to Winnebago Industries stock ownership. State of Wyoming acquired new shares in Winnebago Industries during the fourth quarter valued at approximately $26,000. Another investor, Advisors Asset Management Inc., increased its holdings by 71.% during Q1 and now owns 622 shares worth $34,000 after purchasing an additional 260 shares during that period.
Industrial Alliance Investment Management Inc., on another note, also acquired new shares during this same quarter with an approximate value of $48,000 invested in Winnebago Industries’ equity.
Ronald Blue Trust Inc., further supported this trend by increasing its holdings in Winnebago Industries by 35.% during Q1. They currently own 1,379 shares worth $73,000 after purchasing an additional 364 shares. Finally, Federated Hermes Inc. notably increased its position in Winnebago Industries by an impressive 134,200.% during the first quarter. Their ownership now amounts to 1,343 shares with a value of $77,000.
By analyzing the recommendations and transactions of research firms and large investors, stakeholders can gain insights into the potential future performance of Winnebago Industries’ stock.
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Analysts, Investors, and Insiders React to Winnebago Industries’ Future Prospects
Winnebago Industries, a renowned construction company in the United States, has recently garnered attention from equities research analysts. DA Davidson, one such analyst firm, has raised its target price on Winnebago Industries from $57.00 to $59.00. This development came to light through an informative research note released by DA Davidson on Friday, June 23rd.
Another analyst firm, StockNews.com, initiated coverage on shares of Winnebago Industries and gave the company a “hold” rating. This research note was issued on Thursday, August 17th and added further information to the perplexity surrounding the company’s future prospects.
Adding to this analysis is Truist Financial, which dropped the price target on Winnebago Industries from $75.00 to $74.00 but maintained a “buy” rating on the stock in their research note released on Friday, September 15th.
Apart from these reports from equities research analysts, large investors have also made significant moves in relation to Winnebago Industries. For instance, State of Wyoming acquired a new stake in the company during the fourth quarter of last year. This stake was valued at approximately $26,000.
Advisors Asset Management Inc., another large investor, raised its holdings in shares of Winnebago Industries by 71.8% during the first quarter of this year. The firm now owns 622 shares of the construction company’s stock worth $34,000 after purchasing an additional 260 shares.
Industrial Alliance Investment Management Inc., similarly acquired a new stake in Winnebago Industries during the fourth quarter of last year valued at around $48,000.
Ronald Blue Trust Inc., yet another large investor, boosted its holdings in Winnebago Industries by 35.9% during the first quarter of this year and now owns 1,379 shares worth around $73,000.
Finally, Federated Hermes Inc. increased its position in the construction company by a staggering 134,200.0% during the first quarter of this year. With an additional 1,342 shares purchased, their total holdings in Winnebago Industries now amount to 1,343 shares worth approximately $77,000.
In terms of financial decisions, Winnebago Industries recently declared a quarterly dividend that will be paid on Wednesday, September 27th. Shareholders of record as of Wednesday, September 13th will be eligible to receive a dividend of $0.31 per share. This represents an increase from the company’s previous quarterly dividend of $0.27. The ex-dividend date for this payment is Tuesday, September 12th. With a payout ratio of 16.38%, the new dividend corresponds to an annualized rate of $1.24 per share and a dividend yield of 2.12%.
On another note, insider Donald Jeff Clark sold a significant number of shares in Winnebago Industries in July this year; specifically, he sold 294,829 shares. The transaction was executed at an average price of $67.89 per share, totaling $20,015,940.81 in proceeds for Clark. Following the sale, Clark now holds 468,997 shares valued at $31,840,206.33.
It should also be noted that Company insiders currently own approximately 4.92% of Winnebago Industries’ stock.
In conclusion, Winnebago Industries has gained attention from analysts as they raise their target prices and provide ratings on the company’s stock performance and future prospects. Additionally, large investors have made substantial moves by acquiring new stakes or increasing their holdings in the construction company. These developments add complexity and uncertainty to the understanding of Winnebago Industries’ market position and potential profitability.
Reference Date: September 27, 2023.
