Winnebago Industries, Inc. (NYSE:WGO) Stock Has Consensus Price Target of $35.56 According to Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received an average recommendation of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.56.

A number of equities research analysts have recently weighed in on WGO shares. Weiss Ratings lowered Winnebago Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 14th. Citigroup raised their price target on Winnebago Industries from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. BMO Capital Markets reduced their price target on Winnebago Industries from $38.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Zacks Research raised Winnebago Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Truist Financial lowered their price objective on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th.

Insider Activity at Winnebago Industries

In related news, SVP Bret Woodson sold 2,414 shares of Winnebago Industries stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $32.66, for a total value of $78,841.24. Following the transaction, the senior vice president directly owned 31,274 shares of the company’s stock, valued at $1,021,408.84. The trade was a 7.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Happe sold 12,045 shares of Winnebago Industries stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $32.68, for a total transaction of $393,630.60. Following the completion of the transaction, the chief executive officer directly owned 349,349 shares in the company, valued at approximately $11,416,725.32. The trade was a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 15,694 shares of company stock worth $511,658 in the last 90 days. Company insiders own 4.88% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently added to or reduced their stakes in WGO. Pinnacle Wealth Planning Services Inc. increased its position in Winnebago Industries by 9,719.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 6,677 shares of the RV manufacturer’s stock valued at $176,000 after purchasing an additional 6,609 shares during the period. Inspire Investing LLC increased its position in shares of Winnebago Industries by 12.4% during the third quarter. Inspire Investing LLC now owns 24,043 shares of the RV manufacturer’s stock valued at $634,000 after buying an additional 2,659 shares during the period. NFSG Corp increased its position in shares of Winnebago Industries by 82.9% during the third quarter. NFSG Corp now owns 3,200 shares of the RV manufacturer’s stock valued at $84,000 after buying an additional 1,450 shares during the period. GAMMA Investing LLC increased its position in shares of Winnebago Industries by 145.2% during the third quarter. GAMMA Investing LLC now owns 954 shares of the RV manufacturer’s stock valued at $25,000 after buying an additional 565 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Winnebago Industries by 639.2% in the third quarter. Farther Finance Advisors LLC now owns 9,513 shares of the RV manufacturer’s stock worth $251,000 after buying an additional 8,226 shares in the last quarter.

Winnebago Industries Price Performance

WGO stock opened at $28.57 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 2.17. Winnebago Industries has a 52 week low of $21.95 and a 52 week high of $50.16. The firm’s fifty day moving average is $27.57 and its 200 day moving average is $32.96. The firm has a market cap of $812.73 million, a P/E ratio of 23.61 and a beta of 1.18.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Tuesday, September 29th. The RV manufacturer reported $0.49 earnings per share for the quarter. Winnebago Industries had a net margin of 1.28% and a return on equity of 4.16%. Research analysts predict that Winnebago Industries will post 1.94 earnings per share for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were issued a $0.36 dividend. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Wednesday, September 9th. Winnebago Industries’s dividend payout ratio (DPR) is 119.01%.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other outdoor recreation vehicles under brands including Winnebago, Grand Design, Newmar and Barletta.

Its marine operations produce boats and related products through brands such as Chris-Craft and Barletta. Winnebago’s portfolio serves consumers seeking products for travel, camping, boating and other outdoor recreational activities.

Founded in 1958, the company is headquartered in Forest City, Iowa.