Winnebago Industries (NYSE:WGO) Price Target Lowered to $60.00 at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its price objective lowered by BMO Capital Markets from $70.00 to $60.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

A number of other analysts have also recently commented on WGO. KeyCorp cut their target price on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Citigroup reduced their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. DA Davidson lowered their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial lifted their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Winnebago Industries Stock Performance

NYSE WGO opened at $34.74 on Friday. The stock has a market capitalization of $986.60 million, a price-to-earnings ratio of -52.64 and a beta of 1.70. The stock has a 50-day moving average of $41.45 and a 200 day moving average of $50.63. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a twelve month low of $33.62 and a twelve month high of $74.00.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same period in the prior year, the company posted $0.93 EPS. The business’s quarterly revenue was down 11.9% on a year-over-year basis. Sell-side analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.34 per share. The ex-dividend date is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. Winnebago Industries’s dividend payout ratio is currently -206.06%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.63% of the stock is currently owned by insiders.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently modified their holdings of WGO. Vanguard Group Inc. lifted its position in Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after buying an additional 48,517 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Winnebago Industries by 40.6% in the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock worth $78,540,000 after acquiring an additional 474,273 shares during the last quarter. State Street Corp boosted its position in shares of Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after purchasing an additional 6,979 shares during the period. JPMorgan Chase & Co. increased its holdings in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after purchasing an additional 50,634 shares during the period.

Winnebago Industries Company Profile

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.