Winnebago Industries, Inc. (NYSE:WGO) Receives $58.00 Consensus Target Price from Analysts

Winnebago Industries, Inc. (NYSE:WGO) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $54.00.

Several research firms have recently weighed in on WGO. Robert W. Baird cut shares of Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a report on Friday. KeyCorp lowered their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Citigroup dropped their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. BMO Capital Markets reduced their price objective on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, March 28th. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Wednesday.

Winnebago Industries Price Performance

Shares of WGO stock opened at $32.83 on Friday. 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 12-month low of $30.61 and a 12-month high of $71.31. The firm has a fifty day moving average of $40.08 and a 200-day moving average of $49.82. The firm has a market capitalization of $920.09 million, a price-to-earnings ratio of -49.74 and a beta of 1.70.

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

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 4.14%. Winnebago Industries’s dividend payout ratio is presently -544.00%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin E. Bryant purchased 4,200 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC grew its position in Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares in the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 380 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the period. Swiss National Bank raised its stake in Winnebago Industries by 0.7% in the fourth 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 in the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock worth $273,000 after purchasing an additional 506 shares during the period.

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.