Winnebago Industries (NYSE:WGO) had its target price cut by Truist Financial from $72.00 to $68.00 in a research report report published on Monday morning, The Fly reports.
Several other equities analysts also recently commented on the stock. TheStreet downgraded shares of Winnebago Industries from a b rating to a c+ rating in a report on Wednesday, June 24th. Zacks Investment Research downgraded shares of Winnebago Industries from a strong-buy rating to a hold rating and set a $66.00 target price on the stock. in a research note on Thursday, August 6th. Cfra upgraded shares of Winnebago Industries from a sell rating to a buy rating in a research note on Tuesday, September 1st. BMO Capital Markets upped their target price on shares of Winnebago Industries from $40.00 to $75.00 and gave the stock an outperform rating in a research note on Thursday, June 25th. Finally, KeyCorp upped their target price on shares of Winnebago Industries from $45.00 to $80.00 and gave the stock an overweight rating in a research note on Wednesday, June 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $67.50.
Winnebago Industries stock opened at $47.70 on Monday. The company’s 50-day moving average price is $57.07 and its 200-day moving average price is $51.54. Winnebago Industries has a twelve month low of $16.94 and a twelve month high of $72.65. The company has a quick ratio of 1.48, a current ratio of 2.31 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.61 billion, a PE ratio of 30.00 and a beta of 2.15.
Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, June 24th. The construction company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.15. The company had revenue of $402.50 million for the quarter, compared to the consensus estimate of $335.93 million. Winnebago Industries had a net margin of 2.37% and a return on equity of 9.21%. The firm’s revenue was down 23.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. As a group, sell-side analysts expect that Winnebago Industries will post 2.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.11. Winnebago Industries’s dividend payout ratio is presently 12.79%.
In other news, VP Ashis Nayan Bhattacharya sold 3,927 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $63.52, for a total value of $249,443.04. Following the completion of the sale, the vice president now owns 18,446 shares of the company’s stock, valued at approximately $1,171,689.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in WGO. Fisher Asset Management LLC purchased a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $70,315,000. Marshall Wace LLP purchased a new stake in Winnebago Industries during the second quarter valued at approximately $43,139,000. Nordea Investment Management AB lifted its position in Winnebago Industries by 101.7% during the second quarter. Nordea Investment Management AB now owns 325,966 shares of the construction company’s stock valued at $21,556,000 after acquiring an additional 164,390 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Winnebago Industries during the second quarter valued at approximately $6,678,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Winnebago Industries during the first quarter valued at approximately $2,625,000. 87.83% of the stock is owned by hedge funds and other institutional investors.
Winnebago Industries Company Profile
Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.
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