Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $42.33

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have received an average rating of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $42.33.

WGO has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a report on Thursday, June 26th. BMO Capital Markets decreased their target price on Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating for the company in a research note on Thursday, June 26th. Roth Capital lowered their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Citigroup cut their price target on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, June 26th. Finally, Baird R W cut Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th.

Winnebago Industries Stock Performance

WGO traded down $0.07 on Tuesday, hitting $33.34. The company had a trading volume of 572,612 shares, compared to its average volume of 717,659. The stock has a market cap of $934.67 million, a price-to-earnings ratio of -56.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.89. The company's fifty day moving average price is $32.94 and its 200 day moving average price is $37.65. Winnebago Industries has a 1-year low of $28.00 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping 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 negative net margin of 0.62% and a positive return on equity of 2.86%. Winnebago Industries's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. Equities analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were paid a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.08%. Winnebago Industries's payout ratio is currently -230.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC lifted its position in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after buying an additional 390 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Winnebago Industries by 36,000.0% during the first quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock valued at $25,000 after acquiring an additional 720 shares during the period. Versant Capital Management Inc boosted its stake in shares of Winnebago Industries by 304.9% in 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. Parallel Advisors LLC boosted its stake in shares of Winnebago Industries by 629.2% in the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock valued at $28,000 after purchasing an additional 711 shares in the last quarter. Finally, Signaturefd LLC bought a new stake in shares of Winnebago Industries in the 1st quarter worth about $31,000.

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.