Winnebago Industries (NYSE:WGO) Given New $54.00 Price Target at DA Davidson

Winnebago Industries (NYSE:WGO) had its target price lowered by DA Davidson from $55.00 to $54.00 in a research note issued to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the construction company’s stock.

Other research analysts have also issued reports about the company. Truist Financial lowered their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. BMO Capital Markets lowered their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark restated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.63.

Winnebago Industries Stock Performance

Winnebago Industries stock opened at $47.89 on Tuesday. The business has a 50 day moving average of $57.26 and a 200-day moving average of $57.09. The company has a market capitalization of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60. Winnebago Industries has a 1 year low of $47.10 and a 1 year high of $74.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company’s revenue was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, equities research analysts predict that Winnebago Industries will post 3.52 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insiders Place Their Bets

In other news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its holdings in shares of Winnebago Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after acquiring an additional 200 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after purchasing an additional 316 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.