#6 - Winnebago Industries (NYSE:WGO)
Winnebago Industries Inc. (NYSE: WGO) is a case in which what goes up sharply can also go down sharply. Winnebago is one of the leading manufacturers of recreational vehicles (RVs). Demand for RVs surged during 2020 and 2021 as consumers looked for ways to travel with mitigation efforts in place.
However, RVs are a one-off purchase, and those mitigation efforts are now over. That means demand has normalized, and revenue and earnings are down year-over-year. And the company expressed in its most recent earnings presentation that demand will likely be lower in 2024.
That said, the company remains the market share leader in all its key categories. Those analysts are reasonably bullish on WGO stock, which is down 13% in 2024. Analysts give the stock a consensus price target of $71.80, which gives the stock a 14% upside. Plus, the company pays a dividend that has increased for the last five years and is beginning to look more attractive, with a 1.98% yield as of May 16, 2024.
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.
Read More - Current Price
- $59.55
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $69.57 (16.8% Upside)
