Truist Financial Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Free Report) had its price target reduced by Truist Financial from $64.00 to $56.00 in a research report sent to investors on Tuesday,Benzinga reports. Truist Financial currently has a buy rating on the construction company's stock.

Other research analysts also recently issued reports about the company. Benchmark reiterated a "buy" rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. DA Davidson lowered 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. Northcoast Research raised Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. BMO Capital Markets lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Robert W. Baird cut their target price on Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $65.63.

Winnebago Industries Price Performance

Shares of Winnebago Industries stock traded down $1.52 on Tuesday, hitting $47.69. 726,827 shares of the company traded hands, compared to its average volume of 888,757. Winnebago Industries has a 52 week low of $45.44 and a 52 week high of $74.10. The business has a 50-day simple moving average of $55.68 and a 200 day simple moving average of $56.52. 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 stock has a market capitalization of $1.35 billion, a P/E ratio of 158.97 and a beta of 1.62.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the prior year, the firm posted $1.06 earnings per share. The business's revenue was down 18.0% on a year-over-year basis. Research analysts expect that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 2.85%. Winnebago Industries's dividend payout ratio (DPR) is -206.06%.

Insider Transactions at Winnebago Industries

In other news, SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now directly owns 32,267 shares in the company, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in shares of Winnebago Industries by 222.5% during 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. Sound Income Strategies LLC boosted 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 purchasing an additional 286 shares in the last quarter. Quarry LP grew its stake in Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company's stock worth $50,000 after buying an additional 848 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after buying an additional 989 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Winnebago Industries in the second quarter valued at about $110,000.

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.