Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $42.80

Winnebago Industries, Inc. (NYSE:WGO) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $42.80.

Several analysts have commented on the stock. Wall Street Zen raised shares of Winnebago Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Winnebago Industries in a research report on Monday, December 29th. DA Davidson boosted their price objective on shares of Winnebago Industries from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 23rd. Citigroup increased their target price on shares of Winnebago Industries from $51.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Finally, Truist Financial lifted their price target on shares of Winnebago Industries from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, January 8th.

Winnebago Industries Trading Up 1.3%

WGO opened at $33.14 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The firm has a market cap of $935.16 million, a price-to-earnings ratio of 25.89 and a beta of 1.14. Winnebago Industries has a 12 month low of $28.00 and a 12 month high of $50.16. The stock has a fifty day moving average price of $43.27 and a 200-day moving average price of $38.78.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 19th. The RV manufacturer reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.26. The company had revenue of $702.70 million for the quarter, compared to the consensus estimate of $628.51 million. Winnebago Industries had a return on equity of 4.83% and a net margin of 1.27%.The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share. As a group, equities research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.2%. Winnebago Industries’s dividend payout ratio (DPR) is presently 109.37%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Winnebago Industries by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 1,990,237 shares of the RV manufacturer’s stock worth $80,644,000 after acquiring an additional 15,114 shares in the last quarter. UBS Group AG grew its stake in shares of Winnebago Industries by 224.7% during the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after acquiring an additional 937,140 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Winnebago Industries during the fourth quarter valued at about $37,642,000. Charles Schwab Investment Management Inc. raised its position in shares of Winnebago Industries by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 889,184 shares of the RV manufacturer’s stock valued at $36,030,000 after purchasing an additional 72,478 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. raised its position in shares of Winnebago Industries by 111.2% in the 3rd quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock valued at $22,746,000 after purchasing an additional 358,100 shares during the last quarter.

Winnebago Industries Company Profile

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.