DA Davidson Raises Winnebago Industries (NYSE:WGO) Price Target to $66.00

Winnebago Industries (NYSE:WGO) had its target price boosted by DA Davidson from $64.00 to $66.00 in a report published on Tuesday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other analysts have also recently issued reports on the stock. Roth Mkm reissued a neutral rating and set a $70.00 price objective on shares of Winnebago Industries in a research note on Thursday, March 21st. StockNews.com raised shares of Winnebago Industries from a sell rating to a hold rating in a research report on Tuesday, March 19th. Finally, Truist Financial decreased their price objective on shares of Winnebago Industries from $74.00 to $70.00 and set a buy rating for the company in a report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries has an average rating of Hold and a consensus price target of $71.80.

Winnebago Industries Price Performance

Shares of WGO opened at $72.27 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. Winnebago Industries has a fifty-two week low of $54.70 and a fifty-two week high of $75.42. The company has a market cap of $2.12 billion, a P/E ratio of 21.64 and a beta of 1.71. The firm’s 50 day moving average price is $67.77 and its 200 day moving average price is $65.54.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The company had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. On average, research analysts forecast that Winnebago Industries will post 5.36 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio (DPR) is presently 37.13%.

Insider Transactions at Winnebago Industries

In other news, SVP Christopher David West sold 13,564 shares of the stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the sale, the senior vice president now directly owns 26,309 shares of the company’s stock, valued at $1,817,425.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC acquired a new stake in Winnebago Industries in the third quarter worth about $1,452,000. Pacer Advisors Inc. grew its position in shares of Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after buying an additional 208,452 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Winnebago Industries by 179.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 81,466 shares of the construction company’s stock worth $4,843,000 after buying an additional 52,286 shares during the period. Nordea Investment Management AB grew its position in shares of Winnebago Industries by 33.7% during the 3rd quarter. Nordea Investment Management AB now owns 173,402 shares of the construction company’s stock worth $10,493,000 after buying an additional 43,682 shares during the period. Finally, Quantbot Technologies LP grew its position in shares of Winnebago Industries by 934.7% during the 3rd quarter. Quantbot Technologies LP now owns 18,439 shares of the construction company’s stock worth $1,096,000 after buying an additional 16,657 shares during the period.

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 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.