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

Winnebago Industries, Inc. (NYSE:WGO) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $64.78.

A number of equities analysts recently weighed in on the company. Benchmark reissued a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial decreased their price target on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 8th. Robert W. Baird reduced their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, BMO Capital Markets lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th.

Winnebago Industries Trading Down 2.5 %

Shares of NYSE:WGO opened at $47.73 on Tuesday. Winnebago Industries has a one year low of $45.44 and a one year high of $74.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company’s fifty day moving average price is $53.76 and its 200-day moving average price is $56.15.

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). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm 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 company earned $1.06 EPS. The firm’s revenue was down 18.0% compared to the same quarter last year. As a group, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s dividend payout ratio (DPR) is -206.06%.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Happe acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares in the company, valued at approximately $15,876,110.56. The trade was a 0.88 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP purchased a new position in shares of Winnebago Industries during the third quarter valued at about $7,750,000. Vestcor Inc raised its position in shares of Winnebago Industries by 105.6% in the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 8,837 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Winnebago Industries by 94.5% in the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after purchasing an additional 31,242 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares in the last quarter. Finally, Entropy Technologies LP grew its stake in Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock worth $1,084,000 after purchasing an additional 8,796 shares during the period.

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.