Winnebago Industries (NYSE:WGO) Given New $68.00 Price Target at Truist Financial

Winnebago Industries (NYSE:WGO) had its price objective trimmed by Truist Financial from $76.00 to $68.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Winnebago Industries from a sell rating to a hold rating in a report on Saturday, April 13th. DA Davidson upped their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a report on Tuesday, March 26th. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a report on Friday. Roth Mkm reissued a neutral rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries presently has a consensus rating of Moderate Buy and a consensus target price of $68.50.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $53.97 on Friday. Winnebago Industries has a 52-week low of $53.13 and a 52-week high of $75.42. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.16 and a beta of 1.72. The company has a fifty day simple moving average of $60.83 and a 200-day simple moving average of $66.14. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52.

Winnebago Industries (NYSE:WGO) last released its earnings results 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). Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same period in the previous year, the company earned $2.13 EPS. Winnebago Industries’s quarterly revenue was down 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Winnebago Industries will post 5.02 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. EMC Capital Management lifted its position in shares of Winnebago Industries by 35.5% during the first quarter. EMC Capital Management now owns 5,057 shares of the construction company’s stock worth $374,000 after purchasing an additional 1,326 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Winnebago Industries by 3.6% during the first quarter. Bridgeway Capital Management LLC now owns 238,414 shares of the construction company’s stock worth $17,643,000 after purchasing an additional 8,225 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Winnebago Industries during the first quarter worth about $681,000. Price T Rowe Associates Inc. MD lifted its position in shares of Winnebago Industries by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,186 shares of the construction company’s stock worth $1,642,000 after purchasing an additional 858 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Winnebago Industries by 484.1% during the first 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 in 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.