Analysts Set Winnebago Industries, Inc. (NYSE:WGO) PT at $58.00

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $54.00.

Several brokerages recently commented on WGO. Truist Financial dropped their price objective on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, March 28th. Benchmark dropped their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. DA Davidson reduced their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. BMO Capital Markets dropped their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Finally, StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Activity

In other news, Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. The trade was a 43.96 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after acquiring an additional 48,517 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after buying an additional 474,273 shares during the period. State Street Corp increased its position in Winnebago Industries by 0.6% in the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after buying an additional 6,979 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after buying an additional 173,274 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock worth $29,889,000 after acquiring an additional 50,634 shares in the last quarter.

Winnebago Industries Trading Down 0.1 %

Shares of WGO stock opened at $32.83 on Friday. Winnebago Industries has a fifty-two week low of $30.61 and a fifty-two week high of $71.31. The stock’s fifty day moving average price is $40.08 and its two-hundred day moving average price is $49.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market cap of $920.09 million, a PE ratio of -49.74 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last released its 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. The firm had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 4.14%. Winnebago Industries’s payout ratio is -544.00%.

About Winnebago Industries

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.