Winnebago Industries (NYSE:WGO) Price Target Cut to $34.00 by Analysts at KeyCorp

Winnebago Industries (NYSE:WGO) had its price target decreased by KeyCorp from $37.00 to $34.00 in a research report released on Thursday,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

A number of other equities analysts have also recently commented on WGO. Baird R W cut shares of Winnebago Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Benchmark cut their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Truist Financial lifted their target price on shares of Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. BMO Capital Markets cut 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, Citigroup cut their target price on shares of Winnebago Industries from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.33.

Winnebago Industries Stock Up 1.5%

WGO stock opened at $28.66 on Thursday. The company has a current ratio of 2.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. Winnebago Industries has a twelve month low of $28.00 and a twelve month high of $65.65. The company’s 50 day moving average is $33.12 and its two-hundred day moving average is $39.21. The stock has a market cap of $802.94 million, a P/E ratio of -48.57 and a beta of 1.07.

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

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th were given a $0.34 dividend. The ex-dividend date was Wednesday, June 11th. This represents a $1.36 dividend on an annualized basis and a yield of 4.75%. Winnebago Industries’s dividend payout ratio (DPR) is -230.51%.

Insider Activity at Winnebago Industries

In other news, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the transaction, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC grew its position in Winnebago Industries by 18.4% in the 1st quarter. Inspire Investing LLC now owns 9,892 shares of the construction company’s stock valued at $341,000 after buying an additional 1,539 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Winnebago Industries by 2.0% during the 1st quarter. Empowered Funds LLC now owns 133,153 shares of the construction company’s stock worth $4,588,000 after purchasing an additional 2,636 shares in the last quarter. Petrus Trust Company LTA boosted its position in shares of Winnebago Industries by 24.1% during the 1st quarter. Petrus Trust Company LTA now owns 9,852 shares of the construction company’s stock worth $340,000 after purchasing an additional 1,912 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Winnebago Industries during the 1st quarter worth $3,284,000. Finally, NFJ Investment Group LLC boosted its position in shares of Winnebago Industries by 196.0% during the 1st quarter. NFJ Investment Group LLC now owns 164,188 shares of the construction company’s stock worth $5,658,000 after purchasing an additional 108,715 shares in 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.