Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $68.13

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $68.13.

Several research analysts have recently issued reports on the company. Robert W. Baird decreased their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 11th. Benchmark decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Winnebago Industries Stock Down 3.8 %

Shares of Winnebago Industries stock opened at $49.98 on Friday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $74.61. The company has a market cap of $1.45 billion, a P/E ratio of 166.61 and a beta of 1.60. The company’s fifty day simple moving average is $57.69 and its two-hundred day simple moving average is $57.27.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same period in the previous year, the firm posted $1.06 EPS. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. Research analysts anticipate that Winnebago Industries will post 3.52 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.72%. Winnebago Industries’s dividend payout ratio is presently 453.33%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares during the period. 1832 Asset Management L.P. raised its holdings in Winnebago Industries by 13.8% during the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after acquiring an additional 138,327 shares during the period. State Street Corp lifted its position in shares of Winnebago Industries by 0.6% in the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after acquiring an additional 6,979 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after acquiring an additional 69,453 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Winnebago Industries by 10.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after purchasing an additional 54,272 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.