DA Davidson Boosts Winnebago Industries (NYSE:WGO) Price Target to $66.00

Winnebago Industries (NYSE:WGO) had its target price upped by DA Davidson from $64.00 to $66.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock. DA Davidson also issued estimates for Winnebago Industries’ FY2024 earnings at $5.20 EPS and FY2025 earnings at $6.60 EPS.

A number of other analysts have also weighed in on the company. StockNews.com upgraded Winnebago Industries from a sell rating to a hold rating in a report on Tuesday, March 19th. Roth Mkm restated a neutral rating and set a $70.00 target price on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, Truist Financial lowered their target price on Winnebago Industries from $74.00 to $70.00 and set a buy rating for the company in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $71.80.

Winnebago Industries Trading Up 2.5 %

WGO opened at $74.00 on Tuesday. Winnebago Industries has a one year low of $54.70 and a one year high of $75.42. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.16 and a beta of 1.71. The stock’s 50 day moving average price is $68.03 and its 200-day moving average price is $65.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Thursday, March 21st. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. The company had revenue of $703.60 million for the quarter, compared to analysts’ expectations of $692.63 million. On average, equities analysts forecast that Winnebago Industries will post 5.28 EPS for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.68%. The ex-dividend date is Tuesday, April 9th. Winnebago Industries’s dividend payout ratio is currently 37.13%.

Insiders Place Their Bets

In other Winnebago Industries news, SVP Christopher David West sold 13,564 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $69.08, for a total transaction of $937,001.12. Following the sale, the senior vice president now directly owns 26,309 shares of the company’s stock, valued at approximately $1,817,425.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.75% of the stock is owned by insiders.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors have recently modified their holdings of the business. Sei Investments Co. boosted its holdings in Winnebago Industries by 0.3% in the 2nd quarter. Sei Investments Co. now owns 48,223 shares of the construction company’s stock worth $3,216,000 after buying an additional 154 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Winnebago Industries by 5.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,827 shares of the construction company’s stock worth $228,000 after buying an additional 187 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Winnebago Industries by 0.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,087 shares of the construction company’s stock worth $1,073,000 after buying an additional 192 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Winnebago Industries by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 36,763 shares of the construction company’s stock worth $2,452,000 after buying an additional 212 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Winnebago Industries by 6.2% in the 1st quarter. Guggenheim Capital LLC now owns 3,947 shares of the construction company’s stock worth $213,000 after purchasing an additional 232 shares in the last quarter.

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.