Winnebago Industries (NYSE:WGO) Given New $35.00 Price Target at Robert W. Baird

Winnebago Industries (NYSE:WGO) had its price target lowered by Robert W. Baird from $38.00 to $35.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on WGO. Truist Financial upped their target price on shares of Winnebago Industries from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. Baird R W lowered shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, June 20th. Finally, DA Davidson upgraded shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.33.

Winnebago Industries Price Performance

WGO stock opened at $28.66 on Thursday. The stock has a market capitalization of $802.94 million, a PE ratio of -48.57 and a beta of 1.07. The company’s 50-day moving average is $33.12 and its 200-day moving average is $39.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 0.94. Winnebago Industries has a 1 year low of $28.00 and a 1 year high of $65.65.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The company had revenue of $775.10 million for the quarter, compared to analysts’ expectations of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The business’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 EPS. Equities research analysts expect that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Wednesday, June 11th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Wednesday, June 11th. Winnebago Industries’s dividend payout ratio is currently -230.51%.

Insider Activity

In related news, Director Kevin E. Bryant bought 4,200 shares of Winnebago Industries stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now directly owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. The trade was a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WGO. First Trust Advisors LP boosted its holdings in Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after buying an additional 474,273 shares during the period. BNP Paribas Financial Markets boosted its holdings in Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock worth $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC boosted its holdings in Winnebago Industries by 494.5% in the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after buying an additional 245,131 shares during the period. Zweig DiMenna Associates LLC bought a new position in Winnebago Industries in the 1st quarter worth approximately $6,260,000. Finally, Renaissance Technologies LLC boosted its holdings in Winnebago Industries by 204.8% in the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock worth $10,225,000 after buying an additional 143,800 shares during the period.

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.