Winnebago Industries (NYSE:WGO) Price Target Cut to $40.00 by Analysts at KeyCorp

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

Several other equities analysts also recently commented on WGO. Truist Financial lowered their target price on shares of Winnebago Industries from $50.00 to $38.00 and set a “buy” rating on the stock in a report on Monday. Benchmark dropped their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. BMO Capital Markets reduced their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. Baird R W lowered Winnebago Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Citigroup cut their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.89.

Winnebago Industries Trading Up 3.4 %

Shares of Winnebago Industries stock opened at $30.64 on Thursday. Winnebago Industries has a fifty-two week low of $28.29 and a fifty-two week high of $66.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market capitalization of $858.55 million, a P/E ratio of -46.42 and a beta of 1.49. The company has a fifty day moving average of $36.62 and a 200 day moving average of $47.86.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 earnings per share. On average, sell-side analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Winnebago Industries Announces Dividend

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

Insider Transactions at Winnebago Industries

In related news, Director Kevin E. Bryant purchased 4,200 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares in the company, valued at $469,320.60. This represents a 43.96 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now 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. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGO. Smartleaf Asset Management LLC grew its stake in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares during the last quarter. Farther Finance Advisors LLC grew its position in Winnebago Industries by 36,000.0% in 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 during the last quarter. Versant Capital Management Inc increased its stake in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares during the period. Parallel Advisors LLC lifted its position 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 worth $28,000 after purchasing an additional 711 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Winnebago Industries during the fourth quarter worth $43,000.

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.