Robert W. Baird Lowers Winnebago Industries (NYSE:WGO) Price Target to $35.00

Winnebago Industries (NYSE:WGO) had its target price decreased by Robert W. Baird from $38.00 to $35.00 in a report published on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the construction company’s stock.

WGO has been the topic of several other research reports. Citigroup raised their price objective on shares of Winnebago Industries from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Benchmark lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 20th. Truist Financial lifted their target price on shares of Winnebago Industries from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Finally, DA Davidson raised shares of Winnebago Industries to a “hold” rating in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Winnebago Industries currently has an average rating of “Hold” and a consensus price target of $44.33.

Winnebago Industries Stock Up 1.5%

Shares of NYSE:WGO opened at $28.66 on Thursday. The firm has a fifty day moving average price of $33.12 and a two-hundred day moving average price of $39.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.94. Winnebago Industries has a one year low of $28.00 and a one year high of $65.65. The company has a market cap of $802.94 million, a price-to-earnings ratio of -48.57 and a beta of 1.07.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $775.10 million during the quarter, compared to the consensus estimate of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date was Wednesday, June 11th. Winnebago Industries’s payout ratio is -230.51%.

Insider Activity

In related news, Director Kevin E. Bryant bought 4,200 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were purchased at an average price of $34.12 per share, with a total value of $143,304.00. Following the purchase, the director now owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently modified their holdings of WGO. First Trust Advisors LP boosted its stake in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Winnebago Industries by 1,930.2% during the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after purchasing an additional 305,818 shares in the last quarter. Barclays PLC boosted its stake in Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after acquiring an additional 245,131 shares in the last quarter. Zweig DiMenna Associates LLC bought a new stake in Winnebago Industries during the first quarter worth about $6,260,000. Finally, Renaissance Technologies LLC boosted its stake in Winnebago Industries by 204.8% during the fourth quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock worth $10,225,000 after acquiring an additional 143,800 shares in the last quarter.

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.