Winnebago Industries, Inc. (NYSE:WGO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $68.50.

Several analysts recently commented on WGO shares. Robert W. Baird decreased their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Truist Financial reduced their price objective on Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. BMO Capital Markets reduced their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. Roth Mkm reduced their price objective on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th.

Winnebago Industries Price Performance

Shares of WGO stock opened at $53.26 on Friday. The stock’s fifty day simple moving average is $59.10 and its 200 day simple moving average is $65.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 20.56 and a beta of 1.66. Winnebago Industries has a one year low of $51.02 and a one year high of $75.42.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. Winnebago Industries’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. On average, analysts expect that Winnebago Industries will post 4.29 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.33%. Winnebago Industries’s payout ratio is currently 47.88%.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently made changes to their positions in WGO. 1832 Asset Management L.P. raised 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 acquiring an additional 832,187 shares during the last quarter. Broad Peak Investment Holdings Ltd. raised its position in shares of Winnebago Industries by 108.2% during the fourth quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock worth $53,325,000 after acquiring an additional 380,200 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Winnebago Industries by 44.7% during the fourth quarter. Pacer Advisors Inc. now owns 675,242 shares of the construction company’s stock worth $49,212,000 after acquiring an additional 208,452 shares during the last quarter. Norges Bank bought a new stake in shares of Winnebago Industries during the fourth quarter worth $13,809,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock worth $121,044,000 after acquiring an additional 161,987 shares during the last quarter.

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.