Winnebago Industries, Inc. (NYSE:WGO – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $72.14.
Several equities research analysts recently commented on WGO shares. BMO Capital Markets started coverage on Winnebago Industries in a report on Friday, June 24th. They issued a “buy” rating and a $85.00 price target for the company. Robert W. Baird cut their target price on Winnebago Industries from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, June 23rd. TheStreet cut Winnebago Industries from a “b-” rating to a “c+” rating in a research note on Monday, June 13th. MKM Partners cut Winnebago Industries from a “buy” rating to a “neutral” rating and set a $67.00 target price for the company. in a research note on Tuesday, August 9th. Finally, Truist Financial lowered their price target on Winnebago Industries to $62.00 in a research report on Thursday, May 26th.
Winnebago Industries Price Performance
Shares of Winnebago Industries stock opened at $59.13 on Friday. Winnebago Industries has a 12 month low of $43.05 and a 12 month high of $80.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.09 and a quick ratio of 1.18. The stock has a market capitalization of $1.88 billion, a P/E ratio of 5.09 and a beta of 1.68. The business has a 50 day simple moving average of $59.50 and a two-hundred day simple moving average of $55.25.
Winnebago Industries Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.83%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, September 13th. Winnebago Industries’s payout ratio is 9.30%.
Institutional Trading of Winnebago Industries
Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in Winnebago Industries in the 4th quarter valued at approximately $34,000. Advisors Asset Management Inc. boosted its holdings in Winnebago Industries by 71.8% in the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after purchasing an additional 260 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in shares of Winnebago Industries by 1,487.5% during the 1st quarter. C M Bidwell & Associates Ltd. now owns 635 shares of the construction company’s stock worth $34,000 after acquiring an additional 595 shares in the last quarter. Amundi boosted its stake in shares of Winnebago Industries by 180.5% during the 2nd quarter. Amundi now owns 777 shares of the construction company’s stock worth $40,000 after acquiring an additional 500 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new stake in shares of Winnebago Industries during the 1st quarter worth approximately $84,000. Institutional investors and hedge funds own 97.78% of the company’s stock.
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 in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.
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