Winnebago Industries (NYSE:WGO) Price Target Lowered to $50.00 at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its price target trimmed by BMO Capital Markets from $60.00 to $50.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Several other equities analysts have also weighed in on WGO. Baird R W lowered Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Truist Financial increased their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Robert W. Baird lowered Winnebago Industries from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $38.00 in a report on Friday, April 4th. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Friday, May 2nd. Finally, DA Davidson raised Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.00.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $31.25 on Friday. The stock has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $39.96. Winnebago Industries has a 1-year low of $28.29 and a 1-year high of $65.65. The firm has a market cap of $875.57 million, a price-to-earnings ratio of -124.99 and a beta of 1.07. The company has a current ratio of 2.17, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The business had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the company earned $0.93 earnings per share. Winnebago Industries’s revenue was down 11.9% compared to the same quarter last year. Analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be given a $0.34 dividend. The ex-dividend date is Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.35%. Winnebago Industries’s dividend payout ratio (DPR) is presently -544.00%.

Insider Buying and Selling

In other Winnebago Industries news, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price 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 of the company’s stock, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of large investors have recently added to or reduced their stakes in WGO. First Trust Advisors LP raised its position in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets raised its position in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after purchasing an additional 305,818 shares in the last quarter. Barclays PLC raised its position in Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Winnebago Industries during the first quarter valued at about $6,260,000. Finally, Renaissance Technologies LLC raised its position in Winnebago Industries by 204.8% during the fourth quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock valued at $10,225,000 after purchasing an additional 143,800 shares in the last quarter.

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.