Winnebago Industries, Inc. (NYSE:WGO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given a consensus recommendation of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.70.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Robert W. Baird dropped their price target on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Weiss Ratings downgraded shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Truist Financial dropped their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, April 9th.

Winnebago Industries Stock Performance

Shares of NYSE:WGO opened at $30.39 on Friday. The firm has a fifty day simple moving average of $31.56 and a two-hundred day simple moving average of $37.80. Winnebago Industries has a 52 week low of $27.64 and a 52 week high of $50.16. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $858.98 million, a P/E ratio of 20.67 and a beta of 1.17.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $657.40 million for the quarter, compared to analysts’ expectations of $628.00 million. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. On average, analysts expect that Winnebago Industries will post 2.34 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio (DPR) is currently 95.24%.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH increased its holdings in Winnebago Industries by 30.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 54,597 shares of the RV manufacturer’s stock worth $1,826,000 after purchasing an additional 12,872 shares during the period. Fox Run Management L.L.C. bought a new stake in Winnebago Industries during the 3rd quarter valued at $1,093,000. Royce & Associates LP purchased a new stake in shares of Winnebago Industries in the 3rd quarter worth $6,838,000. Gamco Investors INC. ET AL grew its position in shares of Winnebago Industries by 55.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 225,429 shares of the RV manufacturer’s stock worth $7,538,000 after buying an additional 80,559 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Winnebago Industries by 224.7% during the 4th quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after buying an additional 937,140 shares in the last quarter.

About Winnebago Industries

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.