Winnebago Industries (NYSE:WGO) Price Target Raised to $37.00 at Citigroup

Winnebago Industries (NYSE:WGO) had its price objective hoisted by Citigroup from $36.00 to $37.00 in a research note released on Friday,Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also issued reports on WGO. Robert W. Baird lowered Winnebago Industries from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $38.00 in a research note on Friday, April 4th. Truist Financial raised their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets lowered their price objective on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, March 28th. Baird R W lowered Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, DA Davidson raised Winnebago Industries to a “hold” rating in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.11.

Winnebago Industries Stock Performance

NYSE WGO opened at $32.90 on Friday. The stock has a market capitalization of $921.99 million, a PE ratio of -49.85 and a beta of 1.07. The business has a 50 day simple moving average of $33.10 and a two-hundred day simple moving average of $41.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $65.65.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $620.20 million during 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%. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. On average, research analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Wednesday, June 11th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.13%. Winnebago Industries’s payout ratio is -544.00%.

Insider Transactions at Winnebago Industries

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

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vident Advisory LLC lifted its position in shares of Winnebago Industries by 2.9% during the first quarter. Vident Advisory LLC now owns 12,373 shares of the construction company’s stock worth $426,000 after purchasing an additional 352 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Swiss National Bank lifted its position in shares of Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock worth $2,719,000 after purchasing an additional 400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Winnebago Industries by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,485 shares of the construction company’s stock worth $568,000 after purchasing an additional 401 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Winnebago Industries by 5.5% during the first quarter. Royal Bank of Canada now owns 9,568 shares of the construction company’s stock worth $329,000 after purchasing an additional 498 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.