Winnebago Industries (NYSE:WGO) Stock Price Expected to Rise, Truist Financial Analyst Says

Winnebago Industries (NYSE:WGO) had its price objective lifted by Truist Financial from $56.00 to $58.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on WGO. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Wednesday, January 8th. Robert W. Baird cut their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Price Performance

Shares of WGO opened at $44.32 on Monday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -67.15 and a beta of 1.62. Winnebago Industries has a 1-year low of $43.69 and a 1-year high of $74.10. The company’s fifty day simple moving average is $49.22 and its 200 day simple moving average is $55.01. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, research analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after acquiring an additional 168,055 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Winnebago Industries during the third quarter valued at $7,750,000. LHM Inc. purchased a new position in Winnebago Industries in the fourth quarter worth about $6,077,000. Finally, Edgestream Partners L.P. purchased a new position in Winnebago Industries in the fourth quarter worth about $4,602,000.

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.