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

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $64.78.

WGO has been the subject of several research analyst reports. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. DA Davidson dropped their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, Robert W. Baird cut their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought 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 directly owns 285,953 shares in the company, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after acquiring an additional 294 shares during the period. Texas Permanent School Fund Corp grew its holdings in Winnebago Industries by 9.9% in the second quarter. Texas Permanent School Fund Corp now owns 28,128 shares of the construction company’s stock valued at $1,525,000 after purchasing an additional 2,539 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Winnebago Industries in the second quarter valued at $110,000. American Century Companies Inc. boosted its position in shares of Winnebago Industries by 8.8% in the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after buying an additional 69,453 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Winnebago Industries in the 2nd quarter valued at about $9,708,000.

Winnebago Industries Stock Down 2.5 %

Winnebago Industries stock opened at $47.73 on Tuesday. The stock’s fifty day moving average is $53.41 and its two-hundred day moving average is $56.13. The stock has a market cap of $1.36 billion, a PE ratio of -72.32 and a beta of 1.62. Winnebago Industries has a 1-year low of $45.44 and a 1-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.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. On average, sell-side analysts expect that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $0.34 dividend. 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 presently -206.06%.

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.