Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $42.67

Key Points

• Winnebago Industries has received a consensus rating of “Moderate Buy” from ten analysts, with an average 12-month price target of $42.67.
• The company recently announced an increase in its quarterly dividend, raising it from $0.34 to $0.35 per share, representing an annualized yield of 3.9%.
• Winnebago reported quarterly earnings of $0.81 per share, surpassing expectations but showing a 1.4% decline in revenue year-over-year.

Shares of Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $42.6667.

Several research analysts have commented on WGO shares. BMO Capital Markets lowered 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. Citigroup boosted their target price on Winnebago Industries from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Tuesday, August 12th. Roth Capital lowered their target price on Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Wall Street Zen raised Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Sunday, June 29th. Finally, Truist Financial lowered their target price on Winnebago Industries from $40.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, June 26th.

Winnebago Industries Price Performance

WGO stock traded up $0.19 during midday trading on Wednesday, reaching $36.00. The company had a trading volume of 305,422 shares, compared to its average volume of 521,006. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -61.01 and a beta of 1.15. The stock has a 50 day moving average price of $32.07 and a 200-day moving average price of $33.72. Winnebago Industries has a 1-year low of $28.00 and a 1-year high of $65.65. 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 results 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 the consensus estimate of $808.15 million. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%.Winnebago Industries's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. Equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This is a positive change from Winnebago Industries's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 3.9%. Winnebago Industries's payout ratio is presently -230.51%.

Institutional Trading of Winnebago Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Winnebago Industries by 11.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company's stock worth $24,075,000 after purchasing an additional 73,099 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Winnebago Industries by 1.6% during the first quarter. Millennium Management LLC now owns 580,256 shares of the construction company's stock worth $19,996,000 after purchasing an additional 8,922 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Winnebago Industries by 9.1% during the second quarter. Alliancebernstein L.P. now owns 564,941 shares of the construction company's stock worth $16,383,000 after purchasing an additional 47,137 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Winnebago Industries by 11.3% during the fourth quarter. Northern Trust Corp now owns 345,226 shares of the construction company's stock worth $16,495,000 after purchasing an additional 35,177 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. grew its holdings in shares of Winnebago Industries by 83.7% during the second quarter. Maple Rock Capital Partners Inc. now owns 322,099 shares of the construction company's stock worth $9,341,000 after purchasing an additional 146,789 shares during the last quarter.

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.