Citigroup Raises Winnebago Industries (NYSE:WGO) Price Target to $77.00

Winnebago Industries (NYSE:WGO) had its target price upped by Citigroup from $71.00 to $77.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other research analysts have also recently issued reports about the company. BMO Capital Markets dropped their price target on Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a research note on Friday, June 21st. DA Davidson increased their price target on Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a research note on Tuesday, March 26th. StockNews.com upgraded Winnebago Industries from a sell rating to a hold rating in a research note on Saturday, April 13th. Truist Financial decreased their price objective on Winnebago Industries from $68.00 to $65.00 and set a buy rating for the company in a report on Monday, July 8th. Finally, Robert W. Baird decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a report on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries currently has a consensus rating of Moderate Buy and a consensus target price of $68.67.

Winnebago Industries Stock Up 1.9 %

NYSE WGO opened at $57.94 on Friday. The business has a fifty day moving average price of $57.82 and a two-hundred day moving average price of $63.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The stock has a market capitalization of $1.68 billion, a PE ratio of 22.37 and a beta of 1.66.

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 analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. During the same quarter in the previous year, the company posted $2.13 earnings per share. The firm’s revenue was down 12.7% on a year-over-year basis. Equities analysts expect that Winnebago Industries will post 4.29 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued 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 yield of 2.14%. Winnebago Industries’s payout ratio is currently 47.88%.

Institutional Trading of Winnebago Industries

A number of large investors have recently bought and sold shares of WGO. 1832 Asset Management L.P. grew its holdings in Winnebago Industries by 484.1% during the 1st 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 period. Broad Peak Investment Holdings Ltd. grew its holdings in Winnebago Industries by 108.2% during the 4th 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 period. Pacer Advisors Inc. grew its holdings in Winnebago Industries by 44.7% during the 4th 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 period. Norges Bank acquired a new stake in Winnebago Industries during the 4th quarter worth about $13,809,000. Finally, Goldman Sachs Group Inc. grew its holdings in Winnebago Industries by 10.8% during the 4th 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 period.

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.