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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $65.00.

A number of research firms have recently weighed in on WGO. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, November 11th. BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th. Finally, Robert W. Baird dropped their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th.

Winnebago Industries Trading Down 3.9 %

WGO stock opened at $44.32 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -67.15 and a beta of 1.62. Winnebago Industries has a twelve month low of $43.69 and a twelve month high of $74.10. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $49.22 and a 200-day moving average of $55.01.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. As a group, equities research analysts expect that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $0.34 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.36 annualized dividend and a yield of 3.07%. Winnebago Industries’s dividend payout ratio (DPR) is presently -206.06%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WGO. Smartleaf Asset Management LLC boosted its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the last quarter. GAMMA Investing LLC boosted its position in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC raised its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares during the period. R Squared Ltd acquired a new stake in shares of Winnebago Industries in the fourth quarter valued at approximately $43,000. Finally, Quarry LP increased its holdings in shares of Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after acquiring an additional 848 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.