Winnebago Industries (NYSE:WGO) Price Target Cut to $70.00 by Analysts at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its price target decreased by BMO Capital Markets from $75.00 to $70.00 in a research note released on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the construction company’s stock.

A number of other analysts have also commented on WGO. Truist Financial boosted their price target on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. Citigroup upped their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Robert W. Baird cut their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Benchmark decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.14.

Winnebago Industries Price Performance

NYSE WGO opened at $52.21 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 20.16 and a beta of 1.61. The business has a 50 day simple moving average of $57.81 and a 200 day simple moving average of $58.73. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). The company had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. Analysts anticipate that Winnebago Industries will post 4.1 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.60%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s payout ratio is presently 52.51%.

Institutional Trading of Winnebago Industries

Large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its holdings in shares of Winnebago Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock valued at $797,000 after purchasing an additional 200 shares during the period. ProShare Advisors LLC increased its position in Winnebago Industries by 5.0% during the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock worth $425,000 after buying an additional 274 shares during the last quarter. Sound Income Strategies LLC raised its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after buying an additional 294 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period.

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 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.