Winnebago Industries (NYSE:WGO) PT Lowered to $70.00 at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its target price reduced by BMO Capital Markets from $75.00 to $70.00 in a research report released on Thursday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.

A number of other research firms have also weighed in on WGO. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Truist Financial boosted their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Citigroup raised their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Benchmark decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Robert W. Baird dropped their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Price Performance

WGO opened at $53.52 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $57.72 and its 200 day simple moving average is $58.53. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.61. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the prior year, the business posted $1.59 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts predict that Winnebago Industries will post 4.1 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.36 annualized dividend and a yield of 2.54%. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s payout ratio is presently 52.51%.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its stake in shares of Winnebago Industries by 196.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after buying an additional 989 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Winnebago Industries by 5,711.3% during the third quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock valued at $507,000 after acquiring an additional 8,567 shares in the last quarter. Vest Financial LLC raised its position in shares of Winnebago Industries by 24.6% in the 3rd quarter. Vest Financial LLC now owns 25,381 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 5,004 shares during the last quarter. Creative Planning boosted its stake in Winnebago Industries by 21.7% in the 3rd quarter. Creative Planning now owns 9,880 shares of the construction company’s stock worth $574,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Winnebago Industries by 69.1% during 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 during the last quarter.

About Winnebago Industries

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.