Winnebago Industries (NYSE:WGO) Stock Price Expected to Rise, Truist Financial Analyst Says

Winnebago Industries (NYSE:WGO - Free Report) had its target price boosted by Truist Financial from $56.00 to $58.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the construction company's stock.

Several other brokerages have also commented on WGO. Northcoast Research upgraded shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Monday, November 11th. BMO Capital Markets dropped 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. Benchmark reissued a "buy" rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. KeyCorp raised Winnebago Industries from a "sector weight" rating to an "overweight" rating and set a $58.00 target price for the company in a research report on Wednesday, January 8th. Finally, Robert W. Baird lowered their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $65.00.

Winnebago Industries Trading Up 0.2 %

Winnebago Industries stock traded up $0.11 during mid-day trading on Monday, hitting $44.42. The company's stock had a trading volume of 216,646 shares, compared to its average volume of 704,284. Winnebago Industries has a 1 year low of $43.69 and a 1 year high of $74.10. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.26 billion, a PE ratio of -67.21 and a beta of 1.62. The stock's fifty day moving average is $49.22 and its two-hundred day moving average is $55.01.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. During the same period in the previous year, the business posted $1.06 earnings per share. The firm's revenue for the quarter was down 18.0% compared to the same quarter last year. On average, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.06%. Winnebago Industries's dividend payout ratio is currently -206.06%.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC boosted its position in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock worth $416,000 after acquiring an additional 245 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock worth $41,000 after purchasing an additional 286 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after purchasing an additional 316 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock valued at $1,094,000 after purchasing an additional 380 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 390 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.