Truist Financial Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO - Free Report) had its price objective lowered by Truist Financial from $50.00 to $38.00 in a report released on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the construction company's stock.

WGO has been the subject of a number of other research reports. Benchmark cut their price objective on Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. BMO Capital Markets decreased their target price on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a report on Friday, March 28th. StockNews.com lowered shares of Winnebago Industries from a "hold" rating to a "sell" rating in a report on Friday, April 11th. Citigroup lowered their price objective on shares of Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Finally, Baird R W lowered Winnebago Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Winnebago Industries has a consensus rating of "Hold" and an average price target of $51.89.

Winnebago Industries Price Performance

Shares of WGO stock traded up $1.00 during mid-day trading on Monday, hitting $30.64. 637,783 shares of the stock traded hands, compared to its average volume of 694,996. Winnebago Industries has a twelve month low of $28.29 and a twelve month high of $66.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company's 50-day simple moving average is $36.31 and its 200-day simple moving average is $47.68. The firm has a market cap of $858.55 million, a price-to-earnings ratio of -46.42 and a beta of 1.49.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period in the previous year, the company earned $0.93 earnings per share. Winnebago Industries's revenue was down 11.9% compared to the same quarter last year. As a group, equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries's payout ratio is -544.00%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now owns 10,985 shares of the company's stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin E. Bryant bought 4,200 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares of the company's stock, valued at $469,320.60. This represents a 43.96 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in shares of Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company's stock valued at $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in Winnebago Industries by 1.7% during the 4th quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company's stock worth $1,094,000 after acquiring an additional 380 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock valued at $25,000 after purchasing an additional 390 shares during the period. Swiss National Bank boosted its holdings in Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company's stock worth $2,719,000 after buying an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company's stock valued at $273,000 after purchasing an additional 506 shares during the period.

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.