Winnebago Industries, Inc. (NYSE:WGO) Receives $72.14 Average Target Price from Brokerages

Winnebago Industries, Inc. (NYSE:WGOGet 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 (NYSE:WGOGet Rating) last posted its quarterly earnings results on Wednesday, June 22nd. The construction company reported $4.13 EPS for the quarter, beating the consensus estimate of $3.01 by $1.12. Winnebago Industries had a return on equity of 38.46% and a net margin of 8.14%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm earned $2.16 earnings per share. As a group, analysts predict that Winnebago Industries will post 13.81 EPS for the current fiscal year.

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

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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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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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