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

Winnebago Industries, Inc. (NYSE:WGO) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $67.14.

Several research firms have recently commented on WGO. Benchmark lowered their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. BMO Capital Markets cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Citigroup raised their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Truist Financial reduced their target price 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.

Winnebago Industries Price Performance

Shares of WGO stock opened at $56.21 on Thursday. The firm’s 50-day moving average is $57.59 and its two-hundred day moving average is $58.25. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The company has a market capitalization of $1.63 billion, a PE ratio of 187.37 and a beta of 1.60.

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

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were given a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.42%. Winnebago Industries’s dividend payout ratio is currently 453.35%.

Insider Activity

In other news, Director William C. Fisher bought 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Winnebago Industries news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was purchased at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the acquisition, the director now directly owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This represents 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.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently bought and sold shares of WGO. GAMMA Investing LLC grew its holdings in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC increased its position in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the period. Innealta Capital LLC purchased a new stake in Winnebago Industries in the second quarter valued at approximately $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries in the first quarter valued at approximately $75,000. Finally, nVerses Capital LLC purchased a new position in shares of Winnebago Industries during the second quarter worth approximately $76,000.

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.