Truist Financial Lowers Winnebago Industries (NYSE:WGO) Price Target to $38.00

Winnebago Industries (NYSE:WGO) had its target price reduced by Truist Financial from $50.00 to $38.00 in a report released on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently commented on the company. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Robert W. Baird lowered shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $38.00 in a research note on Friday, April 4th. Finally, KeyCorp decreased their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Winnebago Industries currently has an average rating of “Hold” and an average target price of $52.67.

Winnebago Industries Stock Down 0.1 %

Shares of Winnebago Industries stock opened at $31.09 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 12-month low of $28.29 and a 12-month high of $66.05. The company has a market cap of $871.30 million, a P/E ratio of -47.11 and a beta of 1.49. The company’s fifty day simple moving average is $37.51 and its two-hundred day simple moving average is $48.31.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the previous year, the company earned $0.93 earnings per share. Winnebago Industries’s quarterly revenue was down 11.9% on a year-over-year basis. Research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.37%. Winnebago Industries’s dividend payout ratio is presently -544.00%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is owned by insiders.

Institutional Trading of Winnebago Industries

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its holdings in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock valued at $25,000 after buying an additional 720 shares during the period. Versant Capital Management Inc boosted its stake in shares of Winnebago Industries by 304.9% in the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after buying an additional 622 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock worth $28,000 after buying an additional 711 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Winnebago Industries in the fourth quarter worth $43,000.

Winnebago Industries Company Profile

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.