Winnebago Industries (NYSE:WGO) PT Lowered to $85.00

Winnebago Industries (NYSE:WGO) had its target price reduced by Truist Securities from $90.00 to $85.00 in a report issued on Friday, Stock Target Advisor reports. They currently have a buy rating on the construction company’s stock.

A number of other equities analysts have also commented on the stock. Raymond James started coverage on shares of Winnebago Industries in a research note on Thursday, July 1st. They issued a market perform rating for the company. Wedbush decreased their price objective on shares of Winnebago Industries from $94.00 to $86.00 and set an outperform rating for the company in a research note on Thursday, June 24th. Northcoast Research lowered shares of Winnebago Industries from a buy rating to a neutral rating in a research note on Thursday, June 17th. Truist decreased their target price on shares of Winnebago Industries from $90.00 to $85.00 and set a buy rating for the company in a research note on Friday. Finally, Zacks Investment Research lowered shares of Winnebago Industries from a buy rating to a hold rating and set a $73.00 target price for the company. in a research note on Tuesday, May 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries currently has an average rating of Buy and a consensus price target of $78.83.

Winnebago Industries stock opened at $69.04 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 9.81 and a beta of 1.99. Winnebago Industries has a 1 year low of $44.33 and a 1 year high of $87.53. The firm’s 50 day moving average price is $70.41 and its two-hundred day moving average price is $73.07.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Tuesday, June 22nd. The construction company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.39. Winnebago Industries had a net margin of 7.21% and a return on equity of 27.74%. The firm had revenue of $960.70 million during the quarter, compared to analyst estimates of $836.82 million. During the same quarter last year, the business posted ($0.26) EPS. The company’s revenue was up 138.7% on a year-over-year basis. As a group, equities analysts predict that Winnebago Industries will post 7.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 14th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.12. Winnebago Industries’s payout ratio is presently 27.91%.

In related news, SVP Ashis Nayan Bhattacharya sold 746 shares of Winnebago Industries stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $74.25, for a total value of $55,390.50. Following the completion of the sale, the senior vice president now owns 17,417 shares of the company’s stock, valued at approximately $1,293,212.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.26% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in Winnebago Industries by 4.5% in the 2nd quarter. US Bancorp DE now owns 3,268 shares of the construction company’s stock worth $222,000 after acquiring an additional 141 shares during the period. Zacks Investment Management raised its holdings in Winnebago Industries by 1.1% in the 2nd quarter. Zacks Investment Management now owns 15,484 shares of the construction company’s stock worth $1,052,000 after acquiring an additional 162 shares during the period. Cascade Investment Advisors Inc. raised its holdings in Winnebago Industries by 0.8% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 20,768 shares of the construction company’s stock worth $1,411,000 after acquiring an additional 168 shares during the period. Profund Advisors LLC raised its holdings in Winnebago Industries by 5.2% in the 2nd quarter. Profund Advisors LLC now owns 4,076 shares of the construction company’s stock worth $277,000 after acquiring an additional 202 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Winnebago Industries by 19.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,501 shares of the construction company’s stock worth $102,000 after acquiring an additional 246 shares during the period. Hedge funds and other institutional investors own 89.68% of the company’s stock.

About Winnebago Industries

Winnebago Industries, Inc engages in the design, development, manufacture, and sale of motorized and towable recreation products. It operates through the following segments: Grand Design towables, Winnebago towables, Winnebago motorhomes, Newmar motorhomes, Chris-Craft marine and Winnebago specialty vehicles.

See Also: How does a reverse stock split work?

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.