Winnebago Industries (NYSE:WGO) Price Target Lowered to $60.00 at Benchmark

Winnebago Industries (NYSE:WGO) had its target price decreased by Benchmark from $70.00 to $60.00 in a report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the construction company’s stock.

A number of other brokerages have also issued reports on WGO. Citigroup dropped their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. KeyCorp dropped their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Truist Financial decreased their price objective on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, March 28th. DA Davidson reduced their target price 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. Finally, BMO Capital Markets cut their price target on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.89.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $34.41 on Tuesday. Winnebago Industries has a one year low of $33.59 and a one year high of $72.47. 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 stock has a market cap of $964.37 million, a PE ratio of -52.14 and a beta of 1.70. The stock has a 50-day moving average of $40.90 and a 200-day moving average of $50.27.

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, hitting the consensus estimate of $0.19. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 3.95%. Winnebago Industries’s dividend payout ratio is currently -544.00%.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’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 sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after purchasing an additional 305,818 shares during the last quarter. Barclays PLC grew its holdings in shares of Winnebago Industries by 494.5% in the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after acquiring an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC grew its position in Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after buying an additional 168,055 shares during the period.

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.