BMO Capital Markets Lowers Winnebago Industries (NYSE:WGO) Price Target to $50.00

Winnebago Industries (NYSE:WGO - Free Report) had its price objective decreased by BMO Capital Markets from $60.00 to $50.00 in a research note issued to investors on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the construction company's stock.

Several other equities analysts have also issued reports on the company. DA Davidson upgraded Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Robert W. Baird cut shares of Winnebago Industries from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $50.00 to $38.00 in a report on Friday, April 4th. Wall Street Zen raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd. Truist Financial increased their target price on shares of Winnebago Industries from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Citigroup raised their target price on shares of Winnebago Industries from $36.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $48.88.

Winnebago Industries Stock Up 0.1%

Shares of WGO traded up $0.04 during mid-day trading on Friday, hitting $31.23. The company's stock had a trading volume of 775,583 shares, compared to its average volume of 702,551. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The company's 50-day moving average is $33.16 and its 200-day moving average is $39.73. Winnebago Industries has a 52-week low of $28.29 and a 52-week high of $65.65. The firm has a market capitalization of $875.06 million, a price-to-earnings ratio of -124.92 and a beta of 1.07.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. Winnebago Industries's revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities research analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.35%. Winnebago Industries's dividend payout ratio is currently -544.00%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares of the company's stock, valued at approximately $469,320.60. This trade represents a 43.96% increase in their position. The transaction 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 and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after acquiring an additional 390 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after purchasing an additional 720 shares during the period. Parallel Advisors LLC grew its stake in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares during the period. Versant Capital Management Inc increased its holdings in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after purchasing an additional 622 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock valued at $43,000 after purchasing an additional 807 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.