Winnebago Industries (NYSE:WGO) PT Lowered to $70.00 at Benchmark

Winnebago Industries (NYSE:WGO) had its price objective cut by Benchmark from $75.00 to $70.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

WGO has been the subject of several other research reports. Citigroup upped their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Finally, Truist Financial increased their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $69.29.

Winnebago Industries Stock Down 0.1 %

WGO stock opened at $58.02 on Tuesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 22.40 and a beta of 1.61. The firm has a 50-day simple moving average of $57.99 and a 200-day simple moving average of $58.91. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42.

Winnebago Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. Winnebago Industries’s dividend payout ratio is 52.51%.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy L. Bogart sold 3,333 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Winnebago Industries by 5,711.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,717 shares of the construction company’s stock worth $507,000 after acquiring an additional 8,567 shares during the last quarter. Vest Financial LLC lifted its holdings in Winnebago Industries by 24.6% during the 3rd quarter. Vest Financial LLC now owns 25,381 shares of the construction company’s stock worth $1,475,000 after buying an additional 5,004 shares in the last quarter. Creative Planning lifted its holdings in Winnebago Industries by 21.7% during the 3rd quarter. Creative Planning now owns 9,880 shares of the construction company’s stock worth $574,000 after buying an additional 1,760 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares in the last quarter. Finally, Lakewood Asset Management LLC lifted its holdings in Winnebago Industries by 7.1% during the 3rd quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock worth $313,000 after buying an additional 355 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.