Winnebago Industries (NYSE:WGO) Price Target Cut to $76.00 by Analysts at Truist Financial

Winnebago Industries (NYSE:WGO - Free Report) had its target price reduced by Truist Financial from $82.00 to $76.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the construction company's stock.

Other analysts have also issued research reports about the company. DA Davidson upped their price objective on Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a report on Tuesday, March 26th. Roth Mkm restated a neutral rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Thursday, March 21st. Finally, StockNews.com upgraded Winnebago Industries from a sell rating to a hold rating in a report on Saturday, April 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $73.00.

Winnebago Industries Stock Down 0.0 %

Shares of NYSE WGO traded down $0.02 during trading on Friday, reaching $59.86. 367,956 shares of the stock were exchanged, compared to its average volume of 563,047. The business's 50-day moving average price is $65.13 and its 200 day moving average price is $67.04. Winnebago Industries has a twelve month low of $54.71 and a twelve month high of $75.42. The company has a quick ratio of 1.52, a current ratio of 2.84 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 17.92 and a beta of 1.72.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its earnings results on Thursday, March 21st. The construction company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The business had revenue of $703.60 million for the quarter, compared to analysts' expectations of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. As a group, equities analysts forecast that Winnebago Industries will post 5.15 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.07%. Winnebago Industries's dividend payout ratio is presently 37.13%.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in shares of Winnebago Industries during the fourth quarter worth approximately $30,000. Principal Securities Inc. bought a new position in shares of Winnebago Industries in the 4th quarter valued at $39,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries during the 1st quarter valued at $75,000. TFO Wealth Partners LLC boosted its holdings in shares of Winnebago Industries by 33,433.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company's stock valued at $147,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Winnebago Industries during the 3rd quarter valued at $207,000.

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.