Truist Financial Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price target decreased by Truist Financial from $58.00 to $50.00 in a research report released on Friday,Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Citigroup lowered their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Benchmark reaffirmed a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus target price of $58.00.

Winnebago Industries Price Performance

WGO stock opened at $34.74 on Friday. The firm has a market cap of $986.60 million, a P/E ratio of -52.64 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a 1 year low of $33.62 and a 1 year high of $74.00. The stock has a 50-day simple moving average of $41.45 and a 200-day simple moving average of $50.57.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same quarter last year, the company earned $0.93 earnings per share. Winnebago Industries’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, April 16th. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insider Buying and Selling at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is 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 stock. Sanctuary Advisors LLC lifted its holdings in shares of Winnebago Industries by 3.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after buying an additional 380 shares during the period. Smartleaf Asset Management LLC lifted its stake in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Winnebago Industries by 0.7% during the fourth quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after acquiring an additional 400 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Winnebago Industries by 9.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after acquiring an additional 506 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.