Winnebago Industries (NYSE:WGO) Price Target Cut to $60.00 by Analysts at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its price objective reduced by BMO Capital Markets from $70.00 to $60.00 in a report issued on Friday morning,Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other research analysts have also recently commented on WGO. KeyCorp decreased their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. DA Davidson decreased their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Benchmark restated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Citigroup cut their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. Finally, Truist Financial raised their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Winnebago Industries Stock Down 7.5 %

Shares of WGO opened at $34.74 on Friday. The company’s 50-day moving average price is $41.45 and its 200 day moving average price is $50.57. Winnebago Industries has a 12-month low of $33.62 and a 12-month high of $74.00. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market cap of $986.60 million, a P/E ratio of -52.64 and a beta of 1.70.

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

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insider Activity at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale 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

A number of hedge funds and other institutional investors have recently bought and sold shares of WGO. Smartleaf Asset Management LLC increased its holdings in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares during the last quarter. R Squared Ltd purchased a new stake in Winnebago Industries during the fourth quarter worth approximately $43,000. Sterling Capital Management LLC boosted its holdings in Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after purchasing an additional 807 shares in the last quarter. Quarry LP increased its stake in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the last quarter. Finally, KBC Group NV raised its holdings in Winnebago Industries by 64.5% during the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after purchasing an additional 587 shares in the last quarter.

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.