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

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.

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $42.6667.

Several research analysts have recently weighed in on WGO shares. BMO Capital Markets dropped their price target 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. Benchmark lowered their target price on shares of Winnebago Industries from $60.00 to $42.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Citigroup lifted their target price on shares of Winnebago Industries from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Tuesday, August 12th. Roth Capital lowered their target price on shares of Winnebago Industries from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Finally, Truist Financial lowered their target price on shares of Winnebago Industries from $40.00 to $36.00 and set a "buy" rating on the stock in a research note on Thursday, June 26th.

Winnebago Industries Trading Down 1.3%

Shares of Winnebago Industries stock opened at $35.93 on Wednesday. The company's fifty day simple moving average is $31.68 and its 200-day simple moving average is $34.05. The stock has a market capitalization of $1.01 billion, a PE ratio of -60.90 and a beta of 1.06. 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 issued its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The business had revenue of $775.10 million for 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%. The company's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.13 EPS. Winnebago Industries has set its FY 2025 guidance at 1.200-1.700 EPS. As a group, equities analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Increases Dividend

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

Institutional Trading of Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. BNP Paribas Financial Markets lifted its stake in Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after purchasing an additional 305,818 shares in the last quarter. RWWM Inc. purchased a new stake in Winnebago Industries in the 2nd quarter worth $8,400,000. Zweig DiMenna Associates LLC purchased a new stake in Winnebago Industries in the 1st quarter worth $6,260,000. Maple Rock Capital Partners Inc. lifted its stake in Winnebago Industries by 83.7% in the 2nd 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 in the last quarter. Finally, Gendell Jeffrey L purchased a new stake in Winnebago Industries in the 2nd quarter worth $4,220,000.

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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