Winnebago Industries (NYSE:WGO) PT Lowered to $76.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its price objective trimmed by Truist Financial from $82.00 to $76.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other equities research analysts have also recently issued reports on WGO. Roth Mkm reissued a neutral rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Thursday, March 21st. DA Davidson boosted their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the company a neutral rating in a research note on Tuesday, March 26th. Finally, StockNews.com upgraded Winnebago Industries from a sell rating to a hold rating in a report on Saturday, April 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $73.00.

Winnebago Industries Trading Down 0.0 %

Shares of WGO opened at $59.86 on Friday. Winnebago Industries has a fifty-two week low of $54.71 and a fifty-two week high of $75.42. The company has a market capitalization of $1.75 billion, a PE ratio of 17.92 and a beta of 1.72. The stock has a fifty day moving average of $65.13 and a two-hundred day moving average of $67.11. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84.

Winnebago Industries (NYSE:WGO) last released its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm had revenue of $703.60 million for the quarter, compared to the consensus estimate of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. As a group, analysts forecast that Winnebago Industries will post 5.07 EPS for the current year.

Winnebago Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, June 12th. Winnebago Industries’s payout ratio is currently 37.13%.

Institutional Trading of Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in Winnebago Industries in the fourth quarter valued at about $30,000. Principal Securities Inc. purchased a new stake in shares of Winnebago Industries during the 4th quarter valued at about $39,000. EntryPoint Capital LLC purchased a new stake in shares of Winnebago Industries during the 1st quarter valued at about $75,000. TFO Wealth Partners LLC lifted its position in Winnebago Industries by 33,433.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock worth $147,000 after acquiring an additional 2,006 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Winnebago Industries in the 3rd quarter worth approximately $207,000.

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.