Truist Financial Issues Positive Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective increased by Truist Financial from $56.00 to $58.00 in a research note published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also recently weighed in on WGO. DA Davidson reduced their price target 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. Benchmark reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Robert W. Baird reduced their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $45.03 on Monday. 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 company has a market cap of $1.28 billion, a price-to-earnings ratio of -68.22 and a beta of 1.62. The stock’s 50-day moving average is $49.68 and its two-hundred day moving average is $55.18. Winnebago Industries has a 1-year low of $44.11 and a 1-year high of $74.10.

Winnebago Industries (NYSE:WGO) last released 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). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter in the previous year, the company posted $1.06 earnings per share. The firm’s quarterly revenue was down 18.0% on a year-over-year basis. Analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $0.34 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.02%. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WGO. Sanctuary Advisors LLC lifted its holdings in shares of Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after acquiring an additional 245 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of Winnebago Industries by 69.1% during 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 in the last quarter. GAMMA Investing LLC boosted its position 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 worth $27,000 after buying an additional 316 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock valued at $1,094,000 after buying an additional 380 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 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.