Winnebago Industries, Inc. (NYSE:WGO) Receives Average Recommendation of “Buy” from Analysts

Winnebago Industries, Inc. (NYSE:WGOGet Rating) has received an average recommendation of “Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $81.00.

WGO has been the topic of several recent research reports. Truist Financial cut their price objective on shares of Winnebago Industries from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, March 24th. StockNews.com initiated coverage on shares of Winnebago Industries in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Citigroup cut their price objective on shares of Winnebago Industries from $74.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday. CL King raised shares of Winnebago Industries from a “neutral” rating to a “strong-buy” rating and set a $102.00 price objective on the stock in a research report on Friday, January 7th. Finally, Zacks Investment Research lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating and set a $67.00 price objective on the stock. in a research report on Monday, February 21st.

NYSE WGO opened at $58.14 on Wednesday. The company has a 50 day simple moving average of $59.39 and a 200-day simple moving average of $67.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.18 and a quick ratio of 1.16. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 5.76 and a beta of 1.80. Winnebago Industries has a 52-week low of $51.29 and a 52-week high of $85.15.

Winnebago Industries (NYSE:WGOGet Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The construction company reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.20. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. Winnebago Industries had a net margin of 8.02% and a return on equity of 35.21%. The firm’s revenue was up 38.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 earnings per share. On average, analysts predict that Winnebago Industries will post 12.62 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 27th. Shareholders of record on Wednesday, April 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 12th. This represents a $0.72 annualized dividend and a yield of 1.24%. Winnebago Industries’s dividend payout ratio (DPR) is presently 7.14%.

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Winnebago Industries by 27.4% in the third quarter. Goldman Sachs Group Inc. now owns 511,043 shares of the construction company’s stock worth $37,025,000 after acquiring an additional 110,037 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Winnebago Industries by 1.8% in the third quarter. Royal Bank of Canada now owns 52,910 shares of the construction company’s stock worth $3,833,000 after acquiring an additional 946 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Winnebago Industries in the third quarter worth $8,200,000. Janus Henderson Group PLC acquired a new stake in shares of Winnebago Industries in the third quarter worth $330,000. Finally, Captrust Financial Advisors grew its stake in shares of Winnebago Industries by 9.4% in the third quarter. Captrust Financial Advisors now owns 2,532 shares of the construction company’s stock worth $183,000 after acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds own 92.03% of the company’s stock.

About Winnebago Industries (Get Rating)

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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