Winnebago Industries (NYSE:WGO) PT Raised to $68.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price lifted by Truist Financial from $65.00 to $68.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on WGO. Roth Mkm lowered their price objective on Winnebago Industries from $70.00 to $59.00 and set a neutral rating on the stock in a research report on Friday, June 21st. Benchmark started coverage on shares of Winnebago Industries in a research note on Thursday, July 18th. They set a buy rating and a $75.00 target price for the company. Citigroup boosted their target price 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. BMO Capital Markets decreased their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an outperform rating for the company in a research note on Friday, June 21st. Finally, Robert W. Baird decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an outperform rating for the company in a research note on Friday, June 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $70.00.

Winnebago Industries Stock Performance

WGO stock opened at $57.76 on Friday. The stock has a market capitalization of $1.67 billion, a PE ratio of 22.30 and a beta of 1.62. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $58.05 and its 200 day simple moving average is $60.32.

Winnebago Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, September 11th. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.31. Winnebago Industries’s dividend payout ratio is presently 52.51%.

Insider Buying and Selling at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

Several institutional investors have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. increased its holdings in Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after buying an additional 832,187 shares during the period. Pacer Advisors Inc. lifted its position in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares during the period. Millennium Management LLC lifted its position in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after purchasing an additional 199,264 shares during the period. Norges Bank acquired a new position in Winnebago Industries during the fourth quarter valued at $13,809,000. Finally, Edgestream Partners L.P. acquired a new position in Winnebago Industries during the second quarter valued at $9,708,000.

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.