Winnebago Industries (NYSE:WGO) Price Target Cut to $75.00 by Analysts at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its target price lowered by BMO Capital Markets from $80.00 to $75.00 in a research note published on Friday morning, Benzinga reports. BMO Capital Markets currently has an outperform rating on the construction company’s stock.

A number of other research firms also recently weighed in on WGO. Roth Mkm reissued a neutral rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Thursday, March 21st. Truist Financial cut their price target on Winnebago Industries from $82.00 to $76.00 and set a buy rating on the stock in a research note on Friday, May 24th. DA Davidson raised their price objective on Winnebago Industries from $64.00 to $66.00 and gave the stock a neutral rating in a research note on Tuesday, March 26th. Robert W. Baird dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an outperform rating on the stock in a research note on Friday. Finally, StockNews.com raised Winnebago Industries from a sell rating to a hold rating in a research note on Saturday, April 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $68.50.

Winnebago Industries Stock Down 1.3 %

Shares of WGO opened at $53.97 on Friday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 16.16 and a beta of 1.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84. The business’s fifty day moving average price is $60.83 and its two-hundred day moving average price is $66.14. Winnebago Industries has a 52 week low of $53.13 and a 52 week high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $798.26 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. On average, analysts predict that Winnebago Industries will post 5.02 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 26th. Shareholders of record on Wednesday, June 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is presently 37.13%.

Hedge Funds Weigh In On Winnebago Industries

A number of large investors have recently added to or reduced their stakes in the company. EMC Capital Management increased its holdings in Winnebago Industries by 35.5% during the 1st quarter. EMC Capital Management now owns 5,057 shares of the construction company’s stock worth $374,000 after purchasing an additional 1,326 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Winnebago Industries by 3.6% during the 1st quarter. Bridgeway Capital Management LLC now owns 238,414 shares of the construction company’s stock worth $17,643,000 after purchasing an additional 8,225 shares in the last quarter. Bayesian Capital Management LP bought a new position in Winnebago Industries during the 1st quarter worth about $681,000. Price T Rowe Associates Inc. MD increased its holdings in Winnebago Industries by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,186 shares of the construction company’s stock worth $1,642,000 after purchasing an additional 858 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after acquiring an additional 832,187 shares in 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.