Winnebago Industries, Inc. (NYSE:WGO) Receives $51.89 Average PT from Analysts

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $51.89.

A number of analysts recently commented on WGO shares. KeyCorp dropped their target price on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Truist Financial cut their price objective on Winnebago Industries from $50.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. StockNews.com lowered Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, BMO Capital Markets cut their price objective on Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, March 28th.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peregrine Capital Management LLC raised its stake in shares of Winnebago Industries by 39.5% in the 1st quarter. Peregrine Capital Management LLC now owns 96,546 shares of the construction company's stock valued at $3,327,000 after acquiring an additional 27,361 shares in the last quarter. Copeland Capital Management LLC bought a new stake in shares of Winnebago Industries during the 1st quarter worth $64,000. Exchange Traded Concepts LLC grew its stake in Winnebago Industries by 26.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company's stock valued at $249,000 after buying an additional 1,503 shares during the last quarter. SG Americas Securities LLC bought a new position in Winnebago Industries in the 1st quarter worth $1,054,000. Finally, Farther Finance Advisors LLC lifted its position in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after acquiring an additional 720 shares during the last quarter.

Winnebago Industries Stock Performance

WGO stock traded down $0.88 during trading on Thursday, reaching $31.86. 150,755 shares of the company's stock were exchanged, compared to its average volume of 696,320. The firm has a market cap of $892.88 million, a PE ratio of -48.26 and a beta of 1.49. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $66.05. The company's fifty day moving average price is $35.06 and its 200-day moving average price is $46.67.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business's revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. On average, research analysts expect that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.27%. Winnebago Industries's dividend payout ratio is -544.00%.

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.