Winnebago Industries, Inc. (NYSE:WGO) Receives $67.14 Consensus Target Price from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $67.14.

A number of brokerages have weighed in on WGO. Truist Financial cut their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets dropped their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Benchmark cut their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. Finally, Citigroup lifted their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $56.21 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The company has a market capitalization of $1.63 billion, a P/E ratio of 187.37 and a beta of 1.60. The stock has a 50 day moving average price of $57.59 and a two-hundred day moving average price of $58.25.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the prior year, the business posted $1.59 earnings per share. Winnebago Industries’s quarterly revenue was down 6.5% compared to the same quarter last year. Analysts expect that Winnebago Industries will post 3.67 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is presently 453.35%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. Pacer Advisors Inc. boosted its position in shares of Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after purchasing an additional 463,257 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Winnebago Industries by 13.8% in the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after buying an additional 138,327 shares during the last quarter. Broad Peak Investment Holdings Ltd. boosted its holdings in Winnebago Industries by 20.0% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock worth $64,948,000 after acquiring an additional 146,000 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Winnebago Industries by 8.8% during the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after acquiring an additional 69,453 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Winnebago Industries by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after acquiring an additional 1,681 shares in the last quarter.

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.