Winnebago Industries, Inc. (NYSE:WGO) Given Average Recommendation of “Hold” by Analysts

Winnebago Industries, Inc. (NYSE:WGO) has earned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $39.70.

A number of analysts have recently issued reports on the company. Griffin Securities set a $35.00 target price on Winnebago Industries in a report on Monday, June 15th. BMO Capital Markets decreased their target price on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Weiss Ratings cut Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Truist Financial decreased their target price on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th.

Winnebago Industries Trading Down 0.9%

NYSE WGO opened at $28.43 on Tuesday. Winnebago Industries has a 12 month low of $27.29 and a 12 month high of $50.16. The company has a 50-day moving average of $30.35 and a 200-day moving average of $37.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. The company has a market cap of $803.57 million, a P/E ratio of 19.34 and a beta of 1.12.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The company had revenue of $657.40 million during the quarter, compared to the consensus estimate of $628.00 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts predict that Winnebago Industries will post 2.34 earnings per share for the current year.

Winnebago Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Wednesday, June 10th. Winnebago Industries’s dividend payout ratio is currently 95.24%.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. purchased a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $4,882,000. California State Teachers Retirement System boosted its stake in shares of Winnebago Industries by 39.3% during the 1st quarter. California State Teachers Retirement System now owns 37,104 shares of the RV manufacturer’s stock valued at $1,150,000 after buying an additional 10,476 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Winnebago Industries by 31.7% during the 1st quarter. Empowered Funds LLC now owns 137,546 shares of the RV manufacturer’s stock valued at $4,263,000 after buying an additional 33,085 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Winnebago Industries by 41.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 11,562 shares of the RV manufacturer’s stock valued at $358,000 after buying an additional 3,404 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Winnebago Industries by 72.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 664,638 shares of the RV manufacturer’s stock valued at $20,597,000 after buying an additional 280,017 shares during 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.