Winnebago Industries (NYSE:WGO) PT Lowered to $70.00

Winnebago Industries (NYSE:WGO) had its price target lowered by Benchmark from $75.00 to $70.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other brokerages have also issued reports on WGO. Citigroup raised their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial raised their target price on Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.14.

Winnebago Industries Stock Up 0.8 %

Shares of WGO opened at $52.21 on Tuesday. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 20.16 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The stock has a fifty day moving average of $57.81 and a 200-day moving average of $58.73.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the previous year, the company posted $1.59 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Winnebago Industries will post 4.1 earnings per share for the current fiscal year.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Institutional Trading of Winnebago Industries

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC grew its holdings in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC acquired a new stake in Winnebago Industries during the 2nd quarter worth about $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter worth about $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $76,000.

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.