Citigroup Cuts Winnebago Industries (NYSE:WGO) Price Target to $29.00

Winnebago Industries (NYSE:WGO) had its price target trimmed by Citigroup from $30.00 to $29.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the RV manufacturer’s stock.

Several other analysts also recently commented on WGO. Griffin Securities set a $35.00 price objective on Winnebago Industries in a research note on Monday, June 15th. Zacks Research raised Winnebago Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Weiss Ratings restated a “hold (c-)” rating on shares of Winnebago Industries in a report on Friday, August 7th. KeyCorp restated a “sector weight” rating on shares of Winnebago Industries in a report on Friday, June 26th. Finally, Truist Financial dropped their price target on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Three analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.22.

Winnebago Industries Stock Down 1.9%

Winnebago Industries stock opened at $26.46 on Wednesday. The company’s 50 day simple moving average is $30.56 and its 200 day simple moving average is $31.09. Winnebago Industries has a fifty-two week low of $26.27 and a fifty-two week high of $50.16. The firm has a market capitalization of $747.91 million, a price-to-earnings ratio of 19.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.37 and a quick ratio of 0.92.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, June 25th. The RV manufacturer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.10). The firm had revenue of $698.70 million during the quarter, compared to the consensus estimate of $755.67 million. Winnebago Industries had a net margin of 1.36% and a return on equity of 4.65%. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. Winnebago Industries has set its FY 2026 guidance at 1.650-2.000 EPS. As a group, sell-side analysts anticipate that Winnebago Industries will post 1.81 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a $1.44 annualized dividend and a yield of 5.4%. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s payout ratio is presently 105.88%.

Insiders Place Their Bets

In other Winnebago Industries news, CEO Michael J. Happe sold 12,045 shares of Winnebago Industries stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $32.68, for a total value of $393,630.60. Following the sale, the chief executive officer owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret A. Woodson sold 2,414 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the completion of the sale, the senior vice president owned 31,274 shares in the company, valued at approximately $1,021,408.84. This trade represents a 7.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 15,694 shares of company stock valued at $511,658. Company insiders own 4.88% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tidal Investments LLC acquired a new position in Winnebago Industries during the 2nd quarter worth approximately $558,000. Squarepoint Ops LLC lifted its position in shares of Winnebago Industries by 181.3% in the second quarter. Squarepoint Ops LLC now owns 113,403 shares of the RV manufacturer’s stock worth $3,543,000 after purchasing an additional 73,084 shares in the last quarter. AXQ Capital LP bought a new stake in shares of Winnebago Industries in the second quarter worth $420,000. Maple Rock Capital Partners Inc. boosted its holdings in Winnebago Industries by 33.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock worth $48,710,000 after purchasing an additional 389,400 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Winnebago Industries during the second quarter worth $363,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products headquartered in Forest City, Iowa. Founded in 1958, the company initially became known for producing motorhomes under the Winnebago brand and has since expanded into a broad portfolio of recreational lifestyle products.

The company manufactures motorhomes, travel trailers, fifth-wheel trailers, and other towable recreational vehicles. Its brand portfolio includes Winnebago, Grand Design, Newmar, Chris-Craft, and Barletta, offering products that range from entry-level and premium RVs to luxury motor yachts and pontoon boats.

Winnebago serves customers primarily through independent dealers in the United States and Canada, with products also distributed in select international markets.