Winnebago Industries, Inc. (NYSE:WGO) Stock Has Average Price Target of $36.22

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.22.

A number of analysts have recently issued reports on WGO shares. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a research note on Friday, June 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Winnebago Industries in a research note on Friday, August 7th. Truist Financial decreased their price objective on Winnebago Industries from $43.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. DA Davidson reaffirmed a “neutral” rating and set a $35.00 target price on shares of Winnebago Industries in a research note on Monday, June 15th. Finally, Griffin Securities set a $35.00 target price on shares of Winnebago Industries in a report on Monday, June 15th.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, CEO Michael Happe sold 12,045 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $32.68, for a total value of $393,630.60. Following the transaction, the chief executive officer directly owned 349,349 shares of the company’s stock, valued at $11,416,725.32. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Bret Woodson sold 1,235 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $31.73, for a total value of $39,186.55. Following the transaction, the senior vice president owned 31,373 shares in the company, valued at approximately $995,465.29. This represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,694 shares of company stock valued at $511,658. 4.88% of the stock is owned by insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC purchased a new stake in Winnebago Industries in the 2nd quarter valued at $53,406,000. Dimensional Fund Advisors LP raised its holdings in shares of Winnebago Industries by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,580,068 shares of the RV manufacturer’s stock worth $48,968,000 after acquiring an additional 129,228 shares during the period. Maple Rock Capital Partners Inc. boosted its position in shares of Winnebago Industries by 33.3% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,559,231 shares of the RV manufacturer’s stock valued at $48,710,000 after acquiring an additional 389,400 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after acquiring an additional 280,017 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its holdings in shares of 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 purchasing an additional 430,300 shares during the period.

Winnebago Industries Price Performance

NYSE:WGO opened at $24.43 on Thursday. Winnebago Industries has a 12 month low of $24.15 and a 12 month high of $50.16. The stock has a 50 day moving average of $29.47 and a two-hundred day moving average of $30.24. The company has a current ratio of 2.37, a quick ratio of 0.92 and a debt-to-equity ratio of 0.36. The firm has a market cap of $690.58 million, a P/E ratio of 17.96 and a beta of 1.18.

Winnebago Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.44 annualized dividend and a yield of 5.9%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.35. Winnebago Industries’s dividend payout ratio is currently 105.88%.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a manufacturer of recreational vehicles and marine products. The company designs and produces motorhomes, travel trailers, fifth-wheel trailers and other towable recreational vehicles sold under brands including Winnebago, Grand Design, Newmar and other affiliated names.

Through its marine businesses, Winnebago also manufactures recreational boats under brands such as Chris-Craft and Barletta. Its products are distributed primarily through independent dealers and serve consumers seeking travel, outdoor recreation and leisure-oriented transportation.

Founded in 1958 and based in Forest City, Iowa, the company has expanded from its original motorhome business into a broader recreational products organization.