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

Winnebago Industries, Inc. (NYSE:WGO) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $70.00.

A number of research firms have issued reports on WGO. Citigroup raised their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial boosted their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Benchmark initiated coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective for the company. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Robert W. Baird reduced their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st.

Insider Activity

In related news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Stifel Financial Corp raised its holdings in shares of Winnebago Industries by 22.4% during the fourth quarter. Stifel Financial Corp now owns 85,629 shares of the construction company’s stock valued at $6,242,000 after acquiring an additional 15,657 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after acquiring an additional 161,987 shares during the period. First Trust Advisors LP raised its position in shares of Winnebago Industries by 53.4% in the 4th quarter. First Trust Advisors LP now owns 460,771 shares of the construction company’s stock worth $33,581,000 after acquiring an additional 160,431 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Winnebago Industries in the 4th quarter valued at approximately $704,000. Finally, Confluence Investment Management LLC purchased a new position in shares of Winnebago Industries in the 1st quarter valued at approximately $4,001,000.

Winnebago Industries Stock Up 0.4 %

Winnebago Industries stock opened at $57.84 on Friday. The firm has a 50 day moving average price of $57.94 and a 200-day moving average price of $59.97. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries has a twelve month low of $49.68 and a twelve month high of $75.42. The company has a market capitalization of $1.67 billion, a P/E ratio of 22.33 and a beta of 1.61.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.35%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is 52.51%.

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.