Winnebago Industries, Inc. (NYSE:WGO) Receives $64.78 Consensus Price Target from Analysts

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $64.78.

Several research firms have commented on WGO. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Robert W. Baird reduced their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price target for the company in a research report on Wednesday, January 8th.

Insider Activity at Winnebago Industries

In related news, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Commonwealth Equity Services LLC grew its stake in Winnebago Industries by 5.0% during the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after acquiring an additional 294 shares in the last quarter. Texas Permanent School Fund Corp grew its position in shares of Winnebago Industries by 9.9% during the 2nd quarter. Texas Permanent School Fund Corp now owns 28,128 shares of the construction company’s stock valued at $1,525,000 after purchasing an additional 2,539 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Winnebago Industries in the second quarter worth $110,000. American Century Companies Inc. raised its position in shares of Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after buying an additional 69,453 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Winnebago Industries during the second quarter valued at $9,708,000.

Winnebago Industries Price Performance

NYSE WGO opened at $47.73 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The business has a fifty day simple moving average of $53.76 and a 200 day simple moving average of $56.15. Winnebago Industries has a 12 month low of $45.44 and a 12 month high of $74.10.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter in the prior year, the company earned $1.06 EPS. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. As a group, equities research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.36 annualized dividend and a dividend yield of 2.85%. Winnebago Industries’s payout ratio is -206.06%.

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.