Winnebago Industries (NYSE:WGO) Price Target Raised to $58.00

Winnebago Industries (NYSE:WGO) had its price objective hoisted by Truist Financial from $56.00 to $58.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price for the company in a research note on Wednesday, January 8th. DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Benchmark restated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $44.32 on Monday. Winnebago Industries has a 12 month low of $43.69 and a 12 month high of $74.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The firm has a market capitalization of $1.26 billion, a P/E ratio of -67.15 and a beta of 1.62. The company’s fifty day moving average price is $49.22 and its two-hundred day moving average price is $55.01.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.06 EPS. On average, research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the period. Sound Income Strategies LLC grew its position in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the period. Quarry LP boosted its stake in Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after acquiring an additional 848 shares during the last quarter. Finally, R Squared Ltd bought a new position in Winnebago Industries during the 4th quarter worth approximately $43,000.

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.