Winnebago Industries, Inc. (NYSE:WGO) Receives $71.40 Average Price Target from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGOGet Free Report) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $71.40.

A number of analysts have recently weighed in on WGO shares. BMO Capital Markets lowered their target price on Winnebago Industries from $85.00 to $80.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. DA Davidson raised their target price on Winnebago Industries from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, December 26th. Truist Financial lowered their target price on Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Citigroup lowered their target price on Winnebago Industries from $77.00 to $73.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Finally, Roth Mkm raised their target price on Winnebago Industries from $58.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, December 18th.

Check Out Our Latest Stock Analysis on Winnebago Industries

Insider Activity at Winnebago Industries

In related news, SVP Christopher David West sold 13,564 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $69.08, for a total value of $937,001.12. Following the transaction, the senior vice president now owns 26,309 shares in the company, valued at $1,817,425.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Winnebago Industries news, SVP Ashis Nayan Bhattacharya sold 11,408 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $61.48, for a total transaction of $701,363.84. Following the transaction, the senior vice president now owns 28,553 shares in the company, valued at $1,755,438.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Christopher David West sold 13,564 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $69.08, for a total value of $937,001.12. Following the transaction, the senior vice president now owns 26,309 shares in the company, valued at approximately $1,817,425.72. The disclosure for this sale can be found here. Insiders have sold a total of 25,972 shares of company stock worth $1,710,465 over the last 90 days. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EA Series Trust bought a new position in shares of Winnebago Industries during the 2nd quarter valued at about $8,603,000. Victory Capital Management Inc. lifted its holdings in shares of Winnebago Industries by 7.0% during the 2nd quarter. Victory Capital Management Inc. now owns 44,931 shares of the construction company’s stock valued at $2,996,000 after purchasing an additional 2,946 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in shares of Winnebago Industries by 3.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 19,559 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 601 shares in the last quarter. Comerica Bank bought a new position in shares of Winnebago Industries during the 2nd quarter valued at about $3,822,000. Finally, Swiss National Bank raised its position in Winnebago Industries by 6.6% in the 2nd quarter. Swiss National Bank now owns 66,600 shares of the construction company’s stock valued at $4,442,000 after buying an additional 4,100 shares during the last quarter.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $67.44 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.69 and a quick ratio of 1.27. The stock has a fifty day moving average price of $69.23 and a two-hundred day moving average price of $65.01. Winnebago Industries has a 52-week low of $53.94 and a 52-week high of $75.42. The firm has a market capitalization of $1.97 billion, a P/E ratio of 12.75 and a beta of 1.74.

Winnebago Industries (NYSE:WGOGet Free Report) last released its quarterly earnings data on Wednesday, December 20th. The construction company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.12). Winnebago Industries had a return on equity of 16.96% and a net margin of 5.50%. The company had revenue of $763.00 million for the quarter, compared to analyst estimates of $723.79 million. During the same quarter in the prior year, the company earned $2.07 earnings per share. The business’s revenue was down 19.9% compared to the same quarter last year. As a group, analysts anticipate that Winnebago Industries will post 5.96 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.84%. The ex-dividend date was Thursday, January 11th. Winnebago Industries’s dividend payout ratio is 23.44%.

About Winnebago Industries

(Get Free Report

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.

Further Reading

Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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