Winnebago Industries, Inc. (NYSE:WGO) Receives Average Rating of "Moderate Buy" from Analysts

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.33.

A number of analysts have recently commented on WGO shares. Citigroup cut their price objective on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Truist Financial dropped their price target on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, June 26th. Robert W. Baird dropped their price target on Winnebago Industries from $38.00 to $35.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Roth Capital dropped their price target on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Finally, BMO Capital Markets dropped their price target on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research report on Thursday, June 26th.

Winnebago Industries Stock Down 3.0%

Winnebago Industries stock opened at $30.59 on Tuesday. The stock has a market capitalization of $857.44 million, a PE ratio of -51.85 and a beta of 1.01. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $65.65. The business has a 50 day simple moving average of $32.93 and a 200-day simple moving average of $37.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89.

Winnebago Industries (NYSE:WGO - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million during the quarter, compared to analysts' expectations of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The business's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.13 earnings per share. On average, analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries's payout ratio is currently -230.51%.

Institutional Trading of Winnebago Industries

Several large investors have recently added to or reduced their stakes in the stock. Confluence Investment Management LLC grew its holdings in Winnebago Industries by 1.6% in the 2nd quarter. Confluence Investment Management LLC now owns 50,818 shares of the construction company's stock valued at $1,474,000 after buying an additional 801 shares in the last quarter. Inspire Investing LLC grew its holdings in Winnebago Industries by 18.4% in the 1st quarter. Inspire Investing LLC now owns 9,892 shares of the construction company's stock valued at $341,000 after buying an additional 1,539 shares in the last quarter. Empowered Funds LLC grew its holdings in Winnebago Industries by 2.0% in the 1st quarter. Empowered Funds LLC now owns 133,153 shares of the construction company's stock valued at $4,588,000 after buying an additional 2,636 shares in the last quarter. Petrus Trust Company LTA grew its holdings in Winnebago Industries by 24.1% in the 1st quarter. Petrus Trust Company LTA now owns 9,852 shares of the construction company's stock valued at $340,000 after buying an additional 1,912 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in Winnebago Industries in the 1st quarter valued at $3,284,000.

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.

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