Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.57.

A number of equities research analysts have recently commented on WGO shares. Truist Financial reduced their target price on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating for the company in a report on Monday, July 8th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Benchmark assumed coverage on Winnebago Industries in a research note on Thursday, July 18th. They set a “buy” rating and a $75.00 price target for the company. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Finally, Roth Mkm cut their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. 1832 Asset Management L.P. grew its holdings in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after acquiring an additional 463,257 shares in the last quarter. Millennium Management LLC raised its position in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after acquiring an additional 199,264 shares during the last quarter. Norges Bank purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at about $13,809,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Winnebago Industries in the second quarter valued at approximately $9,708,000.

Winnebago Industries Stock Up 2.9 %

WGO opened at $58.55 on Wednesday. Winnebago Industries has a one year low of $49.68 and a one year 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 stock has a market capitalization of $1.70 billion, a P/E ratio of 22.67 and a beta of 1.62. The business’s 50-day simple moving average is $57.59 and its 200-day simple moving average is $60.64.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). The firm 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%. The company’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. Analysts anticipate that Winnebago Industries will post 4.19 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.34 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, September 11th. Winnebago Industries’s payout ratio is presently 52.51%.

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.