Robert W. Baird Cuts Winnebago Industries (NYSE:WGO) Price Target to $70.00

Winnebago Industries (NYSE:WGO) had its price target decreased by Robert W. Baird from $75.00 to $70.00 in a research report sent to investors on Friday, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

A number of other research analysts have also issued reports on WGO. Roth Mkm reiterated a neutral rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Thursday, March 21st. StockNews.com upgraded shares of Winnebago Industries from a sell rating to a hold rating in a research note on Saturday, April 13th. DA Davidson raised their target price on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a report on Tuesday, March 26th. Finally, Truist Financial lowered their price target on shares of Winnebago Industries from $82.00 to $76.00 and set a buy rating for the company in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $68.50.

Winnebago Industries Stock Down 1.3 %

Shares of WGO opened at $53.99 on Friday. The company’s 50-day simple moving average is $60.83 and its 200-day simple moving average is $66.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.52 and a current ratio of 2.45. Winnebago Industries has a 1 year low of $53.13 and a 1 year high of $75.42. The stock has a market capitalization of $1.58 billion, a PE ratio of 20.85 and a beta of 1.72.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. Winnebago Industries’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.13 earnings per share. Analysts forecast that Winnebago Industries will post 4.96 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.30%. Winnebago Industries’s payout ratio is currently 47.88%.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Broad Peak Investment Holdings Ltd. grew its holdings in shares of Winnebago Industries by 108.2% during the fourth quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock worth $53,325,000 after purchasing an additional 380,200 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at about $1,093,000. IFG Advisory LLC grew its stake in Winnebago Industries by 68.2% during the 4th quarter. IFG Advisory LLC now owns 65,789 shares of the construction company’s stock worth $4,795,000 after buying an additional 26,669 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Winnebago Industries during the third quarter worth approximately $1,452,000. Finally, Confluence Investment Management LLC purchased a new stake in Winnebago Industries in the first quarter valued at approximately $4,001,000.

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.