Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $64.78

Winnebago Industries, Inc. (NYSE:WGO) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $64.78.

WGO has been the subject of a number of analyst reports. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. BMO Capital Markets reduced their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. DA Davidson dropped their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Finally, KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research note on Wednesday, January 8th.

Winnebago Industries Stock Down 2.5 %

NYSE WGO opened at $47.73 on Tuesday. The business has a fifty day moving average price of $53.41 and a 200 day moving average price of $56.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market cap of $1.36 billion, a P/E ratio of -72.32 and a beta of 1.62. Winnebago Industries has a one year low of $45.44 and a one year high of $74.10.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.06 earnings per share. Research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 2.85%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Fisher acquired 2,000 shares of the stock in a transaction dated Monday, October 28th. The stock was acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the purchase, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds have recently added to or reduced their stakes in WGO. GAMMA Investing LLC increased its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC raised its position in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares in the last quarter. Quarry LP boosted its stake in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after buying an additional 989 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Winnebago Industries during the second quarter worth approximately $110,000.

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.