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

Winnebago Industries, Inc. (NYSE:WGO) has been given an average rating of “Moderate Buy” by the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $71.80.

A number of research firms recently issued reports 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 decreased their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. DA Davidson upped their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Winnebago Industries by 13.7% during the first quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock valued at $151,689,000 after buying an additional 338,099 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Winnebago Industries by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,239 shares of the construction company’s stock valued at $161,448,000 after buying an additional 44,987 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after buying an additional 161,987 shares during the last quarter. State Street Corp grew its holdings in shares of Winnebago Industries by 1.4% during the second quarter. State Street Corp now owns 1,130,973 shares of the construction company’s stock valued at $54,920,000 after buying an additional 15,957 shares during the last quarter. Finally, Broad Peak Investment Holdings Ltd. grew its holdings in shares of Winnebago Industries by 108.2% during the fourth quarter. Broad Peak Investment Holdings Ltd. now owns 731,678 shares of the construction company’s stock valued at $53,325,000 after buying an additional 380,200 shares during the last quarter.

Winnebago Industries Price Performance

WGO stock opened at $64.43 on Friday. Winnebago Industries has a 1 year low of $54.70 and a 1 year high of $75.42. The company has a market cap of $1.89 billion, a P/E ratio of 19.29 and a beta of 1.71. The firm has a 50-day moving average of $68.38 and a 200 day moving average of $66.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The company had revenue of $703.60 million during the quarter, compared to the consensus estimate of $692.63 million. On average, sell-side analysts forecast that Winnebago Industries will post 5.2 EPS for the current year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Tuesday, April 9th. Winnebago Industries’s payout ratio is 37.13%.

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.