Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $51.89

Winnebago Industries, Inc. (NYSE:WGO) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $51.89.

WGO has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Benchmark dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. KeyCorp reduced their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. BMO Capital Markets decreased their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Finally, DA Davidson raised Winnebago Industries to a “hold” rating in a report on Monday, April 14th.

Winnebago Industries Stock Down 2.7%

Winnebago Industries stock opened at $33.53 on Monday. The company has a market capitalization of $939.54 million, a P/E ratio of -50.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $65.65. The stock has a 50-day simple moving average of $33.37 and a 200-day simple moving average of $43.67.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. The firm’s revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.06%. Winnebago Industries’s payout ratio is currently -544.00%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.63% of the stock is owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Winnebago Industries by 36,000.0% in the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock valued at $25,000 after acquiring an additional 720 shares during the period. Versant Capital Management Inc boosted its position in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after purchasing an additional 711 shares in the last quarter. Finally, Signaturefd LLC acquired a new position in shares of Winnebago Industries during the 1st quarter worth $31,000.

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.