Winnebago Industries (NYSE:WGO) Price Target Raised to $40.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its price objective hoisted by Truist Financial from $38.00 to $40.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other equities analysts also recently weighed in on WGO. DA Davidson upgraded Winnebago Industries to a “hold” rating in a research report on Monday, April 14th. Robert W. Baird downgraded Winnebago Industries from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research report on Friday, April 4th. KeyCorp reduced their target price on Winnebago Industries from $47.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Wall Street Zen upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Friday, May 2nd. Finally, BMO Capital Markets reduced their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, March 28th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average target price of $52.11.

Winnebago Industries Stock Performance

WGO opened at $34.00 on Tuesday. The stock has a market cap of $952.74 million, a P/E ratio of -51.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The stock’s 50 day simple moving average is $33.16 and its 200 day simple moving average is $42.17. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, equities analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.00%. Winnebago Industries’s payout ratio is currently -544.00%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company’s stock, valued at $469,320.60. This trade represents a 43.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently bought and sold shares of WGO. KBC Group NV increased its holdings in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after purchasing an additional 587 shares during the last quarter. Hager Investment Management Services LLC purchased a new stake in Winnebago Industries during the 4th quarter worth approximately $216,000. Vest Financial LLC increased its holdings in Winnebago Industries by 88.6% during the 4th quarter. Vest Financial LLC now owns 47,858 shares of the construction company’s stock worth $2,287,000 after purchasing an additional 22,477 shares during the last quarter. Empowered Funds LLC increased its holdings in Winnebago Industries by 5.1% during the 4th quarter. Empowered Funds LLC now owns 130,517 shares of the construction company’s stock worth $6,236,000 after purchasing an additional 6,326 shares during the last quarter. Finally, Polaris Capital Management LLC increased its holdings in Winnebago Industries by 47.2% during the 4th quarter. Polaris Capital Management LLC now owns 36,467 shares of the construction company’s stock worth $1,742,000 after purchasing an additional 11,700 shares during 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.