Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $65.00

Winnebago Industries, Inc. (NYSE:WGO) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $65.00.

Several analysts have recently commented on the company. DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a report on Thursday. Finally, KeyCorp raised Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th.

Winnebago Industries Stock Up 2.2 %

Winnebago Industries stock opened at $37.66 on Wednesday. Winnebago Industries has a twelve month low of $34.12 and a twelve month high of $74.10. The stock has a 50 day moving average of $45.22 and a two-hundred day moving average of $53.00. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -57.05 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. As a group, research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Winnebago Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Wednesday, January 15th. Winnebago Industries’s payout ratio is -206.06%.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the period. R Squared Ltd purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at $43,000. Sterling Capital Management LLC grew its position in shares of Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after purchasing an additional 807 shares during the period. Quarry LP grew its position in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the period. Finally, KBC Group NV grew its position in shares of Winnebago Industries by 64.5% in the fourth quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after purchasing an additional 587 shares during the period.

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.