Winnebago Industries, Inc. (NYSE:WGO) Receives $51.89 Average Price Target from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $51.89.

A number of brokerages have recently commented on WGO. Benchmark cut their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. KeyCorp lowered their price target on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets cut their price objective on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, March 28th. Finally, Baird R W downgraded shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th.

Insider Buying and Selling at Winnebago Industries

In other news, Director Kevin E. Bryant acquired 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The stock was bought at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its holdings in shares of Winnebago Industries by 2.9% during the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company’s stock worth $426,000 after buying an additional 352 shares in the last quarter. Cascade Investment Advisors Inc. increased its position in Winnebago Industries by 1.7% during the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after acquiring an additional 380 shares during the period. Smartleaf Asset Management LLC raised its stake in Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares in the last quarter. Swiss National Bank boosted its holdings in Winnebago Industries by 0.7% in the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 400 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company’s stock valued at $568,000 after purchasing an additional 401 shares during the period.

Winnebago Industries Stock Down 6.2%

Winnebago Industries stock opened at $34.36 on Monday. The company has a 50 day moving average of $33.42 and a 200-day moving average of $43.99. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a twelve month low of $28.29 and a twelve month high of $65.65. The stock has a market capitalization of $962.80 million, a PE ratio of -52.05 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. On average, equities research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.96%. The ex-dividend date is Wednesday, June 11th. Winnebago Industries’s dividend payout ratio is -544.00%.

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.