Winnebago Industries (NYSE:WGO – Free Report) had its target price trimmed by Robert W. Baird from $70.00 to $64.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.
A number of other analysts also recently issued reports on WGO. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Benchmark cut their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday. Citigroup increased their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial lifted their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.14.
View Our Latest Stock Report on WGO
Winnebago Industries Price Performance
Winnebago Industries (NYSE:WGO – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $720.90 million for the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter last year, the firm earned $1.59 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Winnebago Industries will post 4.1 EPS for the current fiscal year.
Winnebago Industries Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date was Wednesday, September 11th. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.
Institutional Trading of Winnebago Industries
Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after acquiring an additional 316 shares during the last quarter. Sound Income Strategies LLC increased its stake in 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 during the period. Innealta Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC bought a new stake in Winnebago Industries in the first quarter valued at approximately $75,000. Finally, nVerses Capital LLC purchased a new stake in shares of Winnebago Industries during the second quarter valued at approximately $76,000.
Winnebago Industries Company Profile
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
- Five stocks we like better than Winnebago Industries
- Best Stocks Under $5.00
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- What Are Trending Stocks? Trending Stocks Explained
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- How to Invest in Blue Chip Stocks
- The Downtrend in UPS Stock Isn’t Over Yet
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.