Winnebago Industries, Inc. (NYSE:WGO) Receives $68.13 Average PT from Analysts

Winnebago Industries, Inc. (NYSE:WGO) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $68.13.

Several brokerages have recently issued reports on WGO. BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird decreased their price target 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. Truist Financial dropped their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 11th. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Insider Buying and Selling

In other news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after purchasing an additional 463,257 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after buying an additional 199,264 shares during the period. Edgestream Partners L.P. bought a new position in shares of Winnebago Industries during the 2nd quarter worth $9,708,000. Janus Henderson Group PLC increased its stake in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after buying an additional 168,055 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Winnebago Industries in the second quarter valued at about $7,976,000.

Winnebago Industries Stock Performance

WGO opened at $49.98 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 166.61 and a beta of 1.60. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $74.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a fifty day moving average of $57.69 and a 200 day moving average of $57.27.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter in the previous year, the business earned $1.06 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. As a group, sell-side analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.72%. Winnebago Industries’s dividend payout ratio is presently 453.33%.

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.