Winnebago Industries (NYSE:WGO) Shares Gap Up After Analyst Upgrade

Winnebago Industries, Inc. (NYSE:WGO - Get Free Report) shares gapped up before the market opened on Wednesday after Truist Financial raised their price target on the stock from $38.00 to $40.00. The stock had previously closed at $34.07, but opened at $35.24. Truist Financial currently has a buy rating on the stock. Winnebago Industries shares last traded at $34.44, with a volume of 79,422 shares.

Several other equities research analysts also recently weighed in on WGO. Wall Street Zen upgraded shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. BMO Capital Markets reduced their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research report on Friday, March 28th. KeyCorp reduced their price objective on shares of Winnebago Industries from $47.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Baird R W downgraded shares of Winnebago Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Benchmark reduced their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.11.

Insider Buying and Selling at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the company's stock in a transaction on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WGO. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 390 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company's stock worth $25,000 after purchasing an additional 720 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock worth $28,000 after purchasing an additional 622 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Winnebago Industries by 629.2% during the 1st quarter. Parallel Advisors LLC now owns 824 shares of the construction company's stock worth $28,000 after purchasing an additional 711 shares in the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Winnebago Industries during the 1st quarter worth approximately $31,000.

Winnebago Industries Price Performance

The stock has a market capitalization of $921.15 million, a PE ratio of -49.80 and a beta of 1.12. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The company's 50 day simple moving average is $33.17 and its 200 day simple moving average is $42.12.

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

Winnebago Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 annualized dividend and a yield of 4.14%. Winnebago Industries's payout ratio is currently -544.00%.

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.