Robert W. Baird Cuts Winnebago Industries (NYSE:WGO) Price Target to $64.00

Winnebago Industries (NYSE:WGO) had its price objective lowered by Robert W. Baird from $70.00 to $64.00 in a research report released on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Citigroup lifted their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Benchmark decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Finally, Truist Financial boosted their target price on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.14.

Winnebago Industries Price Performance

WGO opened at $53.52 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The stock has a market capitalization of $1.55 billion, a PE ratio of 20.66 and a beta of 1.61. The stock’s 50 day moving average price is $57.72 and its 200-day moving average price is $58.53. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same quarter last year, the company posted $1.59 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts predict that Winnebago Industries will post 4.1 EPS for the current year.

Winnebago Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were paid a $0.34 dividend. This is a boost from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s dividend payout ratio is currently 52.51%.

Hedge Funds Weigh In On Winnebago Industries

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC lifted its position in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares in the last quarter. Innealta Capital LLC bought a new position in Winnebago Industries in the 2nd quarter valued at approximately $45,000. EntryPoint Capital LLC bought a new stake in shares of Winnebago Industries in the 1st quarter worth $75,000. Finally, nVerses Capital LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter worth $76,000.

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.