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

Winnebago Industries logo with Construction background

Key Points

  • Winnebago Industries, Inc. has received an average recommendation of "Moderate Buy" from ten analysts, with four rating it as a hold and six as a buy.
  • The company's average 12-month price target is $42.33, although recent analysts have lowered various target prices significantly.
  • Winnebago announced a quarterly dividend of $0.34 per share, representing a annualized yield of 4.7%, despite a negative dividend payout ratio.
  • MarketBeat previews top five stocks to own in September.

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

A number of research analysts recently issued reports on WGO shares. Benchmark lowered their target price on Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a report on Monday, June 30th. DA Davidson upgraded shares of Winnebago Industries to a "hold" rating in a research note on Monday, April 14th. Citigroup lowered their price objective on Winnebago Industries from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $50.00 to $42.00 and set an "outperform" rating on the stock in a research note on Thursday, June 26th. Finally, Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a report on Sunday, June 29th.

Read Our Latest Analysis on WGO

Winnebago Industries Trading Down 3.1%

NYSE:WGO opened at $28.80 on Friday. The firm has a market capitalization of $807.26 million, a PE ratio of -48.81 and a beta of 1.06. The business's 50-day moving average is $31.72 and its two-hundred day moving average is $35.79. 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 has a 12 month low of $28.00 and a 12 month high of $65.65.

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

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were issued a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.7%. Winnebago Industries's dividend payout ratio (DPR) is currently -230.51%.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Vident Advisory LLC raised its position in shares of Winnebago Industries by 2.9% during the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company's stock worth $426,000 after purchasing an additional 352 shares during the period. Farther Finance Advisors LLC raised its holdings in Winnebago Industries by 53.3% during the second quarter. Farther Finance Advisors LLC now owns 1,107 shares of the construction company's stock worth $32,000 after acquiring an additional 385 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Winnebago Industries by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company's stock valued at $568,000 after buying an additional 401 shares during the last quarter. GAMMA Investing LLC lifted its stake in Winnebago Industries by 62.8% in the second quarter. GAMMA Investing LLC now owns 1,123 shares of the construction company's stock valued at $33,000 after acquiring an additional 433 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Winnebago Industries by 5.5% during the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company's stock worth $329,000 after purchasing an additional 498 shares during the period.

About Winnebago Industries

(Get Free Report

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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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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