Winnebago Industries, Inc. (NYSE:WGO) Given Average Rating of “Moderate Buy” by Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $68.50.

A number of research firms have recently commented on WGO. Roth Mkm dropped their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Truist Financial dropped their target price on Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, June 21st. Robert W. Baird decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, BMO Capital Markets decreased their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st.

Institutional Trading of Winnebago Industries

Several large investors have recently modified their holdings of the business. EMC Capital Management increased its stake in Winnebago Industries by 35.5% during the 1st quarter. EMC Capital Management now owns 5,057 shares of the construction company’s stock worth $374,000 after buying an additional 1,326 shares during the period. Bridgeway Capital Management LLC increased its stake in Winnebago Industries by 3.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 238,414 shares of the construction company’s stock worth $17,643,000 after buying an additional 8,225 shares during the period. Bayesian Capital Management LP purchased a new stake in Winnebago Industries during the 1st quarter worth $681,000. Price T Rowe Associates Inc. MD increased its stake in Winnebago Industries by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,186 shares of the construction company’s stock worth $1,642,000 after buying an additional 858 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after buying an additional 832,187 shares during the period.

Winnebago Industries Price Performance

Shares of WGO opened at $53.47 on Friday. The business’s 50-day moving average is $60.12 and its two-hundred day moving average is $65.68. The company has a market capitalization of $1.55 billion, a P/E ratio of 20.64 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. Winnebago Industries has a fifty-two week low of $51.02 and a fifty-two week high of $75.42.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.17). The company had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. Winnebago Industries’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. Research analysts predict that Winnebago Industries will post 4.37 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.24 annualized dividend and a yield of 2.32%. Winnebago Industries’s payout ratio is currently 47.88%.

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.