Winnebago Industries, Inc. (NYSE:WGO) Receives $58.00 Consensus PT from Analysts

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has earned an average rating of "Moderate Buy" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $56.89.

A number of equities analysts recently commented on the stock. KeyCorp lowered their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. 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 report on Tuesday, December 24th. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. Truist Financial reduced their target price on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Finally, Benchmark reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares of the company's stock, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.63% of the company's stock.

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Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after acquiring an additional 390 shares in the last quarter. R Squared Ltd purchased a new position in Winnebago Industries during the fourth quarter worth about $43,000. Sterling Capital Management LLC grew its position in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after purchasing an additional 807 shares in the last quarter. Quarry LP increased its stake in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company's stock valued at $50,000 after buying an additional 848 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company's stock worth $72,000 after buying an additional 587 shares in the last quarter.

Winnebago Industries Stock Performance

Winnebago Industries stock traded up $0.08 during trading hours on Friday, hitting $34.58. The company had a trading volume of 37,772 shares, compared to its average volume of 889,368. Winnebago Industries has a one year low of $33.58 and a one year high of $72.14. The firm has a market cap of $969.10 million, a PE ratio of -52.40 and a beta of 1.70. The firm has a 50-day moving average of $40.90 and a 200 day moving average of $50.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

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

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's 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.