Winnebago Industries (NYSE:WGO) PT Raised to $68.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price raised by Truist Financial from $65.00 to $68.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. StockNews.com upgraded Winnebago Industries from a sell rating to a hold rating in a research report on Thursday, September 19th. Benchmark assumed coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a buy rating and a $75.00 target price on the stock. BMO Capital Markets dropped their target price on Winnebago Industries from $80.00 to $75.00 and set an outperform rating on the stock in a research report on Friday, June 21st. Roth Mkm lowered their price objective 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. Finally, Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the stock a buy rating in a research report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of Moderate Buy and a consensus target price of $70.00.

Winnebago Industries Stock Performance

WGO stock opened at $57.76 on Friday. The firm has a market cap of $1.67 billion, a PE ratio of 22.30 and a beta of 1.62. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $58.05 and a 200-day moving average of $60.32. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.34 per share. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is 52.51%.

Insider Buying and Selling

In related news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the sale, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. purchased a new position in shares of Winnebago Industries during the 4th quarter worth approximately $39,000. Innealta Capital LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $75,000. nVerses Capital LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $76,000. Finally, Headlands Technologies LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth approximately $110,000.

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.