Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $71.80

Winnebago Industries, Inc. (NYSE:WGO) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $71.80.

Several equities research analysts recently issued reports on the stock. Roth Mkm restated a “neutral” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Thursday, March 21st. DA Davidson lifted their price target on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 26th. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Truist Financial dropped their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, December 20th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC purchased a new position in shares of Winnebago Industries during the 4th quarter valued at $30,000. State of Wyoming purchased a new position in shares of Winnebago Industries during the 4th quarter valued at $26,000. Harbour Investments Inc. lifted its stake in shares of Winnebago Industries by 164.5% during the 4th quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock valued at $39,000 after buying an additional 329 shares in the last quarter. Principal Securities Inc. purchased a new position in shares of Winnebago Industries during the 4th quarter valued at $39,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Winnebago Industries by 71.8% during the 1st quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after buying an additional 260 shares in the last quarter.

Winnebago Industries Trading Down 1.2 %

NYSE:WGO opened at $62.37 on Friday. Winnebago Industries has a 52 week low of $54.70 and a 52 week high of $75.42. 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 company’s 50 day moving average price is $68.23 and its 200-day moving average price is $66.38. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 18.67 and a beta of 1.71.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The company had revenue of $703.60 million for the quarter, compared to analysts’ expectations of $692.63 million. On average, equities research analysts forecast that Winnebago Industries will post 5.2 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio (DPR) is 37.13%.

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.