Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $69.57

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $69.57.

A number of research firms recently weighed in on WGO. Citigroup raised their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Truist Financial dropped their price target on shares of Winnebago Industries from $68.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of Winnebago Industries stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at $2,395,443.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $30,000. Principal Securities Inc. bought a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $39,000. EntryPoint Capital LLC bought a new stake in shares of Winnebago Industries in the first quarter valued at approximately $75,000. TFO Wealth Partners LLC raised its position in shares of Winnebago Industries by 33,433.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares during the period. Finally, Shell Asset Management Co. raised its position in shares of Winnebago Industries by 122.5% in the first quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock valued at $238,000 after purchasing an additional 1,767 shares during the period.

Winnebago Industries Trading Up 2.2 %

NYSE:WGO opened at $60.76 on Tuesday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 23.46 and a beta of 1.66. The firm has a fifty day simple moving average of $56.98 and a two-hundred day simple moving average of $63.29. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The business had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.13 earnings per share. Analysts expect that Winnebago Industries will post 4.19 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is 47.88%.

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.