DA Davidson Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price target lowered by DA Davidson from $55.00 to $54.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark reiterated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research note on Monday. Truist Financial decreased their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.63.

Winnebago Industries Trading Down 0.2 %

Shares of WGO stock opened at $47.89 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 159.64 and a beta of 1.60. Winnebago Industries has a 52-week low of $47.10 and a 52-week high of $74.61. The company has a 50-day simple moving average of $57.26 and a two-hundred day simple moving average of $57.09.

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

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, January 15th. Winnebago Industries’s payout ratio is -206.06%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director William C. Fisher acquired 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the transaction, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael J. Happe bought 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average price of $55.52 per share, with a total value of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Winnebago Industries during the 3rd quarter valued at about $333,000. Sanctuary Advisors LLC boosted its stake in Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after buying an additional 245 shares in the last quarter. TT International Asset Management LTD grew its position in Winnebago Industries by 641.8% during the third quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock valued at $3,074,000 after acquiring an additional 45,771 shares during the last quarter. Vestcor Inc raised its stake in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after acquiring an additional 8,837 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Winnebago Industries in the 3rd quarter worth approximately $616,000.

About Winnebago Industries

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.