Winnebago Industries (NYSE:WGO) PT Lowered to $64.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price decreased by Truist Financial from $68.00 to $64.00 in a research note released on Thursday morning, Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Citigroup upped their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Robert W. Baird decreased their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. Benchmark decreased their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Stock Performance

NYSE WGO opened at $53.52 on Thursday. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.61. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. Winnebago Industries has a twelve month low of $49.68 and a twelve month high of $75.42. The stock has a fifty day simple moving average of $57.72 and a 200 day simple moving average of $58.53.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. Sell-side analysts expect that Winnebago Industries will post 4.1 EPS for the current year.

Winnebago Industries Increases Dividend

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

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently modified their holdings of the company. Aviance Capital Partners LLC raised its holdings in Winnebago Industries by 6.7% during the first quarter. Aviance Capital Partners LLC now owns 19,519 shares of the construction company’s stock worth $1,444,000 after buying an additional 1,230 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Winnebago Industries in the 1st quarter valued at about $249,000. Principal Financial Group Inc. boosted its stake in Winnebago Industries by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 171,110 shares of the construction company’s stock valued at $12,662,000 after purchasing an additional 1,163 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Winnebago Industries by 5.9% during the 1st quarter. BNP Paribas Financial Markets now owns 112,925 shares of the construction company’s stock worth $8,356,000 after purchasing an additional 6,295 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Winnebago Industries in the first quarter valued at approximately $1,182,000.

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.