Winnebago Industries (NYSE:WGO) Price Target Lowered to $40.00 at KeyCorp

Winnebago Industries (NYSE:WGO) had its price objective cut by KeyCorp from $47.00 to $40.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. Benchmark cut their target price on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Truist Financial cut their target price on Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 11th. Finally, DA Davidson raised shares of Winnebago Industries to a “hold” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Winnebago Industries currently has an average rating of “Hold” and an average target price of $51.89.

Winnebago Industries Stock Performance

Shares of WGO opened at $30.64 on Thursday. Winnebago Industries has a 52-week low of $28.29 and a 52-week high of $66.05. The company has a market capitalization of $858.55 million, a PE ratio of -46.42 and a beta of 1.49. The company has a 50-day simple moving average of $36.31 and a 200-day simple moving average of $47.61. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. Equities research analysts predict that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 16th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $1.36 dividend on an annualized basis and a yield of 4.44%. Winnebago Industries’s dividend payout ratio is presently -544.00%.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of Winnebago Industries stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now owns 13,755 shares of the company’s stock, valued at $469,320.60. This trade represents a 43.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its stake in shares of Winnebago Industries by 40.6% in the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after buying an additional 474,273 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after acquiring an additional 305,818 shares in the last quarter. Barclays PLC raised its holdings in shares of Winnebago Industries by 494.5% during the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after purchasing an additional 245,131 shares during the period. JPMorgan Chase & Co. boosted its holdings in Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Winnebago Industries by 204.8% in the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock valued at $10,225,000 after purchasing an additional 143,800 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.