Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $65.00

Winnebago Industries, Inc. (NYSE:WGO) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $65.00.

A number of research firms have issued reports on WGO. Benchmark reaffirmed a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, November 11th. DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Truist Financial increased their price target on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new position in Winnebago Industries during the 3rd quarter worth approximately $7,750,000. Quantbot Technologies LP grew its stake in Winnebago Industries by 94.5% during the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after buying an additional 31,242 shares during the last quarter. Vestcor Inc lifted its position in Winnebago Industries by 105.6% during the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 8,837 shares during the period. JPMorgan Chase & Co. lifted its position in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Entropy Technologies LP lifted its position in Winnebago Industries by 89.2% during the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock worth $1,084,000 after acquiring an additional 8,796 shares during the period.

Winnebago Industries Price Performance

WGO opened at $37.66 on Wednesday. The stock’s 50-day moving average price is $45.22 and its 200 day moving average price is $53.00. Winnebago Industries has a 12-month low of $34.12 and a 12-month high of $74.10. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -57.05 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s revenue was down 18.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 EPS. As a group, sell-side analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed 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 of this dividend was Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.61%. Winnebago Industries’s payout ratio is currently -206.06%.

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.