Winnebago Industries, Inc. (NYSE:WGO) Receives $71.80 Average Target Price from Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has earned an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $71.80.

Several analysts recently issued reports on WGO shares. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. DA Davidson raised their target price on Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Finally, Roth Mkm restated a “neutral” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Thursday, March 21st.

Winnebago Industries Stock Up 0.2 %

Shares of NYSE:WGO opened at $61.28 on Friday. The company’s fifty day moving average is $68.01 and its two-hundred day moving average is $66.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84. Winnebago Industries has a 1-year low of $54.70 and a 1-year high of $75.42. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.35 and a beta of 1.71.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The firm had revenue of $703.60 million for the quarter, compared to analyst estimates of $692.63 million. Equities analysts anticipate that Winnebago Industries will post 5.15 EPS for the current year.

Winnebago Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.31 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.24 annualized dividend and a dividend yield of 2.02%. Winnebago Industries’s payout ratio is 37.13%.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Winnebago Industries during the 4th quarter valued at about $30,000. State of Wyoming bought a new position in shares of Winnebago Industries in the fourth quarter valued at approximately $26,000. Harbour Investments Inc. increased its stake in shares of Winnebago Industries by 164.5% during the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock valued at $39,000 after acquiring an additional 329 shares during the period. Principal Securities Inc. bought a new stake in Winnebago Industries during the fourth quarter worth approximately $39,000. Finally, Advisors Asset Management Inc. lifted its position in Winnebago Industries by 71.8% in the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock worth $34,000 after purchasing an additional 260 shares during the period.

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.