Winnebago Industries (NYSE:WGO) Given New $64.00 Price Target at Robert W. Baird

Winnebago Industries (NYSE:WGO) had its price target trimmed by Robert W. Baird from $70.00 to $64.00 in a report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Several other analysts have also recently issued reports on the company. Citigroup increased their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Benchmark dropped their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, October 22nd. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Finally, Truist Financial increased their target price on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Stock Up 2.5 %

NYSE:WGO opened at $53.52 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $57.72 and its two-hundred day moving average is $58.48. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.61.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.59 earnings per share. Research analysts anticipate that Winnebago Industries will post 4.1 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.34 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. This represents a $1.36 annualized dividend and a dividend yield of 2.54%. Winnebago Industries’s dividend payout ratio (DPR) is presently 52.51%.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its holdings in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Winnebago Industries during the second quarter worth about $45,000. EntryPoint Capital LLC purchased a new position in shares of Winnebago Industries during the first quarter worth about $75,000. Finally, nVerses Capital LLC purchased a new position in shares of Winnebago Industries during the second quarter worth about $76,000.

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.