Winnebago Industries, Inc. (NYSE:WGO) Stock Has Consensus Target Price of $36.22 According to Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received an average rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $36.22.

A number of brokerages have issued reports on WGO. Benchmark reduced their price objective on Winnebago Industries from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Roth Capital reduced their price target on shares of Winnebago Industries from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, June 23rd. Wall Street Zen raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. BMO Capital Markets reduced their target price on shares of Winnebago Industries from $48.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Finally, Citigroup decreased their price target on shares of Winnebago Industries from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, September 16th.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Bret A. Woodson sold 2,414 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.66, for a total transaction of $78,841.24. Following the sale, the senior vice president directly owned 31,274 shares of the company’s stock, valued at $1,021,408.84. This represents a 7.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael J. Happe sold 12,045 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the transaction, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 15,694 shares of company stock worth $511,658 in the last ninety days. Insiders own 4.88% of the company’s stock.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Winnebago Industries by 365.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,313 shares of the RV manufacturer’s stock valued at $35,000 after buying an additional 1,031 shares in the last quarter. Tidal Investments LLC purchased a new position in Winnebago Industries in the 2nd quarter valued at approximately $558,000. Squarepoint Ops LLC raised its holdings in Winnebago Industries by 181.3% during the 2nd quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock valued at $3,543,000 after acquiring an additional 73,084 shares during the period. AXQ Capital LP bought a new stake in Winnebago Industries during the 2nd quarter valued at $420,000. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after acquiring an additional 389,400 shares in the last quarter.

Winnebago Industries Trading Down 0.3%

NYSE:WGO opened at $26.30 on Thursday. Winnebago Industries has a 52 week low of $25.69 and a 52 week high of $50.16. The firm has a 50-day moving average price of $29.88 and a two-hundred day moving average price of $30.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 2.37. The firm has a market cap of $743.36 million, a price-to-earnings ratio of 19.34 and a beta of 1.18.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were paid a $0.36 dividend. The ex-dividend date was Wednesday, September 9th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 5.5%. Winnebago Industries’s dividend payout ratio is presently 105.88%.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.