Winnebago Industries, Inc. (NYSE:WGO) Given Average Rating of “Moderate Buy” by Brokerages

Winnebago Industries, Inc. (NYSE:WGO) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $68.50.

Several analysts have commented on WGO shares. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Roth Mkm lowered their price target on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Robert W. Baird lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. DA Davidson boosted their price target on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research report on Tuesday, March 26th. Finally, Truist Financial lowered their price target on shares of Winnebago Industries from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, June 21st.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Winnebago Industries during the fourth quarter valued at approximately $30,000. Principal Securities Inc. purchased a new position in Winnebago Industries in the 4th quarter worth approximately $39,000. EntryPoint Capital LLC purchased a new position in Winnebago Industries in the 1st quarter worth approximately $75,000. TFO Wealth Partners LLC grew its stake in Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after buying an additional 2,006 shares in the last quarter. Finally, Shell Asset Management Co. grew its stake in Winnebago Industries by 122.5% in the 1st quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock worth $238,000 after buying an additional 1,767 shares in the last quarter.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $53.26 on Friday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 20.56 and a beta of 1.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. Winnebago Industries has a 52 week low of $51.02 and a 52 week high of $75.42. The firm’s 50-day simple moving average is $59.10 and its two-hundred day simple moving average is $65.07.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.17). The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business’s revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.13 EPS. As a group, equities analysts forecast that Winnebago Industries will post 4.29 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, June 12th. This represents a $1.24 annualized dividend and a yield of 2.33%. Winnebago Industries’s dividend payout ratio is currently 47.88%.

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.