Citigroup Cuts Winnebago Industries (NYSE:WGO) Price Target to $43.00

Winnebago Industries (NYSE:WGO) had its target price reduced by Citigroup from $51.00 to $43.00 in a research report report published on Wednesday morning,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on WGO. Truist Financial boosted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. DA Davidson decreased 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. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $34.67 on Wednesday. The business’s fifty day simple moving average is $42.69 and its 200 day simple moving average is $51.40. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 12 month low of $33.62 and a 12 month high of $74.10. The firm has a market capitalization of $984.52 million, a P/E ratio of -52.53 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business 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 for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 earnings per share. As a group, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 annualized dividend and a yield of 3.92%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of 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 during the last quarter. R Squared Ltd bought a new position in shares of Winnebago Industries in the 4th quarter worth $43,000. Sterling Capital Management LLC raised its position in shares of Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after buying an additional 807 shares in the last quarter. Quarry LP lifted 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. Finally, KBC Group NV grew its position in Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after acquiring an additional 587 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.