Roth Mkm Trims Winnebago Industries (NYSE:WGO) Target Price to $59.00

Winnebago Industries (NYSE:WGO) had its target price trimmed by Roth Mkm from $70.00 to $59.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird reduced their target price on Winnebago Industries from $75.00 to $70.00 and set an outperform rating on the stock in a report on Friday. 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 report on Tuesday, March 26th. Truist Financial cut their price objective on Winnebago Industries from $76.00 to $68.00 and set a buy rating on the stock in a report on Friday. Finally, BMO Capital Markets cut their price objective on Winnebago Industries from $80.00 to $75.00 and set an outperform rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $68.50.

Winnebago Industries Price Performance

NYSE:WGO opened at $53.97 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $60.83 and its two-hundred day moving average price is $66.14. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.16 and a beta of 1.72. Winnebago Industries has a 12-month low of $53.13 and a 12-month high of $75.42.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.17). The business had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. Winnebago Industries’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.13 EPS. On average, analysts anticipate that Winnebago Industries will post 5.02 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 12th. Winnebago Industries’s dividend payout ratio is currently 37.13%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Winnebago Industries by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock worth $161,448,000 after purchasing an additional 44,987 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Winnebago Industries by 10.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after purchasing an additional 161,987 shares during the last quarter. 1832 Asset Management L.P. raised its position in Winnebago Industries by 484.1% during the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after purchasing an additional 832,187 shares during the last quarter. Broad Peak Investment Holdings Ltd. raised its position in Winnebago Industries by 20.0% during the 1st quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock worth $64,948,000 after purchasing an additional 146,000 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in Winnebago Industries by 44.7% during the 4th quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after purchasing an additional 208,452 shares during the last quarter.

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.