Winnebago Industries (NYSE:WGO) PT Lowered to $64.00

Winnebago Industries (NYSE:WGO) 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.

Winnebago Industries Price Performance

Shares of NYSE:WGO opened at $52.21 on Thursday. The company has a 50 day moving average of $57.81 and a 200 day moving average of $58.73. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.51 billion, a P/E ratio of 20.16 and a beta of 1.61. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42.

Winnebago Industries (NYSE:WGO) 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.