Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $65.00.

A number of analysts have commented on WGO shares. DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday, December 24th. Northcoast Research upgraded shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Monday, November 11th. Truist Financial increased their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Benchmark reiterated a "buy" rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, KeyCorp upgraded shares of Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th.

Winnebago Industries Trading Down 6.5 %

NYSE:WGO traded down $2.44 during trading hours on Wednesday, hitting $34.91. The stock had a trading volume of 1,414,554 shares, compared to its average volume of 622,706. Winnebago Industries has a one year low of $34.74 and a one year high of $74.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market cap of $991.20 million, a price-to-earnings ratio of -52.89 and a beta of 1.62. The business's 50 day moving average is $45.89 and its 200-day moving average is $53.44.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same period in the previous year, the company posted $1.06 EPS. The firm's revenue for the quarter was down 18.0% on a year-over-year basis. Sell-side analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.90%. Winnebago Industries's payout ratio is currently -206.06%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in Winnebago Industries in the third quarter valued at approximately $7,750,000. Quantbot Technologies LP raised its stake in Winnebago Industries by 94.5% in the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company's stock valued at $3,736,000 after purchasing an additional 31,242 shares in the last quarter. Vestcor Inc raised its stake in Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company's stock valued at $1,000,000 after purchasing an additional 8,837 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after purchasing an additional 173,274 shares in the last quarter. Finally, Entropy Technologies LP raised its stake in Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company's stock valued at $1,084,000 after purchasing an additional 8,796 shares in the last quarter.

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.