Winnebago Industries (NYSE:WGO) Given New $46.00 Price Target at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price lifted by Truist Financial from $36.00 to $46.00 in a research note published on Monday,Benzinga reports. Truist Financial currently has a buy rating on the RV manufacturer’s stock.

WGO has been the topic of several other research reports. BMO Capital Markets boosted their price target on Winnebago Industries from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. KeyCorp reaffirmed a “sector weight” rating on shares of Winnebago Industries in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Winnebago Industries in a report on Wednesday, October 8th. DA Davidson raised their price target on shares of Winnebago Industries from $32.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Loop Capital started coverage on shares of Winnebago Industries in a report on Friday, October 31st. They issued a “hold” rating and a $40.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Winnebago Industries currently has an average rating of “Hold” and a consensus price target of $39.00.

Winnebago Industries Trading Down 3.1%

Shares of Winnebago Industries stock opened at $35.46 on Monday. The firm’s 50 day simple moving average is $34.58 and its two-hundred day simple moving average is $33.39. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 38.97 and a beta of 1.13. Winnebago Industries has a 12-month low of $28.00 and a 12-month high of $65.65. The company has a current ratio of 2.42, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 22nd. The RV manufacturer reported $0.71 EPS for the quarter, topping the consensus estimate of $0.58 by $0.13. Winnebago Industries had a net margin of 0.92% and a return on equity of 3.86%. The business had revenue of $777.30 million during the quarter, compared to the consensus estimate of $724.89 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Winnebago Industries has set its FY 2026 guidance at 2.000-2.700 EPS. Analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Winnebago Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.35 per share. This is a positive change from Winnebago Industries’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.40 annualized dividend and a dividend yield of 3.9%. Winnebago Industries’s payout ratio is presently 153.85%.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe sold 7,105 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $41.38, for a total value of $294,004.90. Following the completion of the transaction, the chief executive officer owned 347,501 shares in the company, valued at approximately $14,379,591.38. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sara E. Armbruster bought 2,700 shares of the stock in a transaction dated Friday, October 24th. The shares were purchased at an average cost of $40.27 per share, for a total transaction of $108,729.00. Following the completion of the purchase, the director owned 14,426 shares in the company, valued at approximately $580,935.02. This represents a 23.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas purchased a new stake in Winnebago Industries in the 1st quarter worth $254,000. Principal Financial Group Inc. increased its stake in shares of Winnebago Industries by 1.0% during the first quarter. Principal Financial Group Inc. now owns 167,320 shares of the RV manufacturer’s stock worth $5,766,000 after purchasing an additional 1,640 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Winnebago Industries by 113.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 3,186 shares of the RV manufacturer’s stock worth $109,000 after purchasing an additional 1,694 shares in the last quarter. Allworth Financial LP raised its position in shares of Winnebago Industries by 61.5% during the 1st quarter. Allworth Financial LP now owns 1,663 shares of the RV manufacturer’s stock worth $55,000 after purchasing an additional 633 shares during the last quarter. Finally, CWM LLC lifted its stake in Winnebago Industries by 5.3% in the 1st quarter. CWM LLC now owns 31,227 shares of the RV manufacturer’s stock valued at $1,076,000 after buying an additional 1,566 shares in the last quarter.

Winnebago Industries Company Profile

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.