Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $70.00

Winnebago Industries, Inc. (NYSE:WGO) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $70.00.

WGO has been the topic of a number of analyst reports. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Truist Financial raised their target price on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Roth Mkm decreased their target price on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Robert W. Baird decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Finally, Benchmark initiated coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 target price for the company.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The trade was a 0.00 % 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. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in Winnebago Industries by 1.4% in the second 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 in the last quarter. ProShare Advisors LLC raised its stake in Winnebago Industries by 5.0% in the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after purchasing an additional 274 shares in 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 purchasing an additional 286 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in 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 purchasing an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after acquiring an additional 316 shares during the last quarter.

Winnebago Industries Price Performance

NYSE:WGO opened at $56.58 on Friday. The stock’s 50-day simple moving average is $57.60 and its 200 day simple moving average is $59.69. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. 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 company has a market cap of $1.64 billion, a P/E ratio of 21.85 and a beta of 1.61.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is currently 52.51%.

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.