Truist Financial Issues Positive Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective lifted by Truist Financial from $56.00 to $58.00 in a report published on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

Other analysts also recently issued research reports about the company. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. BMO Capital Markets cut their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Winnebago Industries Price Performance

Shares of WGO opened at $45.03 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 52 week low of $44.11 and a 52 week high of $74.10. The stock has a 50 day moving average of $49.68 and a 200-day moving average of $55.18. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -68.22 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million during 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 quarterly revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is currently -206.06%.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. Smartleaf Asset Management LLC increased its holdings in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares in the last quarter. GAMMA Investing LLC lifted its position in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after acquiring an additional 316 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares in the last quarter. R Squared Ltd bought a new stake in Winnebago Industries during the 4th quarter worth about $43,000. Finally, Quarry LP boosted its holdings in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the last quarter.

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.