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

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have received an average rating of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $67.14.

A number of research firms have recently issued reports on WGO. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Truist Financial cut their price objective on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating for the company in a report on Thursday, October 24th. BMO Capital Markets cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Citigroup upped their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, July 12th. Finally, StockNews.com cut Winnebago Industries from a "hold" rating to a "sell" rating in a report on Tuesday.

Insider Activity

In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was acquired at an average price of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares of the company's stock, valued at approximately $15,876,110.56. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Winnebago Industries news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction on Monday, October 28th. The stock was acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now directly owns 32,267 shares of the company's stock, valued at approximately $1,768,554.27. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Happe purchased 2,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were acquired at an average cost of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System raised its position in Winnebago Industries by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company's stock valued at $797,000 after purchasing an additional 200 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Winnebago Industries by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company's stock worth $425,000 after acquiring an additional 274 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock worth $41,000 after acquiring an additional 286 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company's stock worth $333,000 after acquiring an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock worth $27,000 after acquiring an additional 316 shares in the last quarter.

Winnebago Industries Price Performance

Winnebago Industries stock traded down $1.31 during midday trading on Thursday, hitting $56.04. 889,503 shares of the company's stock were exchanged, compared to its average volume of 581,247. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. The stock has a 50-day moving average price of $57.68 and a two-hundred day moving average price of $58.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market cap of $1.62 billion, a P/E ratio of 186.81 and a beta of 1.61.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $718.72 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. Winnebago Industries's quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Winnebago Industries will post 3.72 earnings per share for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Wednesday, September 11th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.31. Winnebago Industries's payout ratio is 453.35%.

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.