Winnebago Industries, Inc. (NYSE:WGO) Receives $40.70 Consensus Target Price from Analysts

Winnebago Industries, Inc. (NYSE:WGO) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.70.

WGO has been the topic of several recent research reports. Truist Financial lowered their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. BMO Capital Markets decreased their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a report on Thursday, March 26th. Finally, Robert W. Baird decreased their price objective on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th.

Winnebago Industries Trading Up 0.7%

Shares of Winnebago Industries stock opened at $29.23 on Friday. The stock has a market cap of $826.30 million, a P/E ratio of 19.88 and a beta of 1.12. The stock’s 50 day simple moving average is $31.41 and its 200-day simple moving average is $37.72. Winnebago Industries has a 1-year low of $27.64 and a 1-year high of $50.16. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Analysts predict that Winnebago Industries will post 2.34 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.40 dividend on an annualized basis and a yield of 4.8%. Winnebago Industries’s dividend payout ratio is currently 95.24%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WGO. UBS Group AG lifted its holdings in Winnebago Industries by 224.7% in the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock valued at $54,870,000 after acquiring an additional 937,140 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Winnebago Industries in the fourth quarter valued at approximately $37,642,000. Deprince Race & Zollo Inc. lifted its holdings in Winnebago Industries by 300.6% in the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock valued at $17,771,000 after acquiring an additional 430,300 shares during the last quarter. Maple Rock Capital Partners Inc. raised its position in Winnebago Industries by 111.2% in the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after purchasing an additional 358,100 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Winnebago Industries in the third quarter valued at approximately $9,785,000.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.