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

Winnebago Industries, Inc. (NYSE:WGO) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.00.

Several brokerages have recently weighed in on WGO. Robert W. Baird decreased their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 8th. Finally, BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $44.32 on Friday. 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’s 50 day moving average is $49.22 and its two-hundred day moving average is $55.01. 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 12 month low of $43.69 and a 12 month high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the firm earned $1.06 earnings per share. The business’s quarterly revenue was down 18.0% on a year-over-year basis. On average, equities 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 paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.07%. The ex-dividend date was Wednesday, January 15th. Winnebago Industries’s dividend payout ratio is -206.06%.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently bought and sold shares of WGO. Smartleaf Asset Management LLC boosted its stake in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares in the last quarter. GAMMA Investing LLC boosted its stake in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC boosted 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 worth $41,000 after purchasing an additional 286 shares in the last quarter. R Squared Ltd acquired a new position in Winnebago Industries in the fourth quarter worth $43,000. Finally, Quarry LP boosted its stake in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares in 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.