Brokerages Set Winnebago Industries, Inc. (WGO) Target Price at $47.00

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the firm, reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $47.00.

WGO has been the topic of a number of research reports. SunTrust Banks dropped their price target on Winnebago Industries to $34.00 and set a “positive” rating on the stock in a research note on Thursday, December 20th. Robert W. Baird decreased their price objective on Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Thursday, October 18th. Finally, TheStreet cut Winnebago Industries from a “b-” rating to a “c+” rating in a research report on Monday, December 10th.

NYSE:WGO traded down $0.12 during mid-day trading on Thursday, reaching $28.48. 426,612 shares of the stock were exchanged, compared to its average volume of 739,584. The company has a market capitalization of $912.10 million, a PE ratio of 8.68 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 1.72 and a debt-to-equity ratio of 0.46. Winnebago Industries has a 1 year low of $19.77 and a 1 year high of $47.76.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, December 19th. The construction company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The firm had revenue of $493.65 million for the quarter, compared to the consensus estimate of $482.96 million. Winnebago Industries had a return on equity of 20.10% and a net margin of 5.17%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. As a group, sell-side analysts anticipate that Winnebago Industries will post 3.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Wednesday, January 9th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.54%. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.10. The ex-dividend date was Tuesday, January 8th. Winnebago Industries’s dividend payout ratio (DPR) is presently 13.97%.

In other Winnebago Industries news, VP Steven Scott Degnan sold 10,013 shares of the stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $30.11, for a total transaction of $301,491.43. Following the completion of the sale, the vice president now directly owns 32,449 shares of the company’s stock, valued at approximately $977,039.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.57% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of WGO. Virtu Financial LLC acquired a new stake in Winnebago Industries during the 4th quarter worth approximately $247,000. Victory Capital Management Inc. lifted its holdings in shares of Winnebago Industries by 38.0% in the 3rd quarter. Victory Capital Management Inc. now owns 7,506 shares of the construction company’s stock valued at $249,000 after buying an additional 2,067 shares during the period. Algert Global LLC acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at approximately $270,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Winnebago Industries by 47.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 12,736 shares of the construction company’s stock valued at $308,000 after buying an additional 4,120 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Winnebago Industries by 68.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,960 shares of the construction company’s stock valued at $330,000 after buying an additional 4,062 shares during the period. 84.90% of the stock is owned by institutional investors.

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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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