Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $42.30

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.30.

Several equities research analysts have recently commented on WGO shares. Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Robert W. Baird lowered their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Weiss Ratings upgraded shares of Winnebago Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Finally, Citigroup lowered their price objective on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating on the stock in a research note on Friday, March 27th.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after purchasing an additional 364 shares during the period. Clearstead Advisors LLC acquired a new position in Winnebago Industries in the 4th quarter valued at about $35,000. Hantz Financial Services Inc. raised its holdings in Winnebago Industries by 825.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after acquiring an additional 1,073 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the period. Finally, State of Wyoming lifted its position in Winnebago Industries by 151.4% during the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after acquiring an additional 2,051 shares during the last quarter.

Winnebago Industries Price Performance

Shares of NYSE WGO opened at $31.75 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. The business has a 50-day moving average of $33.72 and a 200-day moving average of $38.61. The stock has a market capitalization of $897.66 million, a price-to-earnings ratio of 21.60 and a beta of 1.17. Winnebago Industries has a fifty-two week low of $28.00 and a fifty-two week high of $50.16.

Winnebago Industries (NYSE:WGO) last released its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The business had revenue of $657.40 million for the quarter, compared to analyst estimates of $628.00 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Winnebago Industries’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Winnebago Industries will post 2.33 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Wednesday, April 15th. Winnebago Industries’s payout ratio is currently 95.24%.

Winnebago Industries Company Profile

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.