Winnebago Industries (NYSE:WGO – Free Report) had its price objective decreased by BMO Capital Markets from $60.00 to $50.00 in a report issued on Friday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the construction company’s stock.
A number of other research analysts have also recently issued reports on the company. Baird R W cut Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. KeyCorp reduced their price objective on Winnebago Industries from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Friday, June 6th. Truist Financial raised their price objective on Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Wall Street Zen raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 2nd. Finally, Citigroup raised their price objective on Winnebago Industries from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.
Read Our Latest Analysis on WGO
Winnebago Industries Trading Down 0.1%
Winnebago Industries (NYSE:WGO – Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Winnebago Industries had a positive return on equity of 3.73% and a negative net margin of 0.21%. The firm had revenue of $620.20 million for the quarter, compared to analysts’ expectations of $621.41 million. During the same period last year, the firm earned $0.93 earnings per share. The company’s revenue for the quarter was down 11.9% compared to the same quarter last year. Research analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.
Winnebago Industries Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Wednesday, June 11th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.36 annualized dividend and a dividend yield of 4.35%. Winnebago Industries’s payout ratio is presently -544.00%.
Insider Buying and Selling at Winnebago Industries
In other news, Director Kevin E. Bryant acquired 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The shares were acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the transaction, the director now owns 13,755 shares in the company, valued at $469,320.60. The trade was a 43.96% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.63% of the company’s stock.
Institutional Trading of Winnebago Industries
Several large investors have recently bought and sold shares of WGO. Smartleaf Asset Management LLC boosted its position in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Winnebago Industries by 36,000.0% during the 1st quarter. Farther Finance Advisors LLC now owns 722 shares of the construction company’s stock valued at $25,000 after acquiring an additional 720 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Winnebago Industries by 304.9% during the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock valued at $28,000 after purchasing an additional 622 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Winnebago Industries by 629.2% during the first quarter. Parallel Advisors LLC now owns 824 shares of the construction company’s stock valued at $28,000 after purchasing an additional 711 shares during the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Winnebago Industries during the first quarter valued at approximately $31,000.
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.
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