Winnebago Industries, Inc. (NYSE:WGO) Receives $51.89 Consensus Target Price from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $51.89.

A number of equities research analysts have weighed in on WGO shares. Robert W. Baird downgraded Winnebago Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $50.00 to $38.00 in a report on Friday, April 4th. Baird R W downgraded Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. StockNews.com downgraded Winnebago Industries from a "hold" rating to a "sell" rating in a report on Thursday, April 24th. Benchmark reduced their target price on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, KeyCorp reduced their target price on Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kevin E. Bryant bought 4,200 shares of the company's stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company's stock valued at $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at $399,000. Prescott Group Capital Management L.L.C. bought a new stake in shares of Winnebago Industries in the 4th quarter valued at $1,433,000. Proficio Capital Partners LLC bought a new stake in shares of Winnebago Industries in the 4th quarter valued at $632,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Winnebago Industries by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company's stock valued at $29,889,000 after buying an additional 50,634 shares in the last quarter.

Winnebago Industries Price Performance

NYSE WGO traded up $0.60 during trading on Thursday, reaching $32.66. 590,225 shares of the company traded hands, compared to its average volume of 698,242. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock's 50 day moving average price is $34.65 and its two-hundred day moving average price is $46.39. The company has a market cap of $915.18 million, a price-to-earnings ratio of -49.48 and a beta of 1.49. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $66.05.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's dividend payout ratio (DPR) is presently -544.00%.

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.