Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.70.

Several research analysts have recently commented on WGO shares. BMO Capital Markets reduced their price target on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a research report on Thursday, March 26th. Robert W. Baird dropped their price objective on Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Wall Street Zen lowered Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Truist Financial reduced their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Finally, Citigroup lowered shares of Winnebago Industries from a “buy” rating to a “neutral” rating and decreased their price target for the company from $46.00 to $30.00 in a research report on Wednesday.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System grew its holdings in Winnebago Industries by 39.3% in the first quarter. California State Teachers Retirement System now owns 37,104 shares of the RV manufacturer’s stock worth $1,150,000 after purchasing an additional 10,476 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Winnebago Industries by 31.7% during the 1st quarter. Empowered Funds LLC now owns 137,546 shares of the RV manufacturer’s stock valued at $4,263,000 after purchasing an additional 33,085 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Winnebago Industries by 41.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 11,562 shares of the RV manufacturer’s stock worth $358,000 after purchasing an additional 3,404 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Winnebago Industries by 72.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock worth $20,597,000 after purchasing an additional 280,017 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Winnebago Industries by 31.6% during the 1st quarter. Sei Investments Co. now owns 168,204 shares of the RV manufacturer’s stock worth $5,213,000 after buying an additional 40,429 shares during the last quarter.

Winnebago Industries Trading Up 1.6%

NYSE WGO opened at $30.39 on Friday. Winnebago Industries has a one year low of $27.64 and a one year high of $50.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 2.30. The company has a market capitalization of $858.98 million, a price-to-earnings ratio of 20.67 and a beta of 1.17. The company’s 50-day simple moving average is $31.56 and its two-hundred day simple moving average is $37.80.

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

Winnebago Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s payout ratio is 95.24%.

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.