Winnebago Industries (NYSE:WGO – Free Report) had its target price cut by Robert W. Baird from $75.00 to $70.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the construction company’s stock.
A number of other research firms have also weighed in on WGO. Truist Financial lowered their price objective on shares of Winnebago Industries from $82.00 to $76.00 and set a buy rating for the company in a research note on Friday, May 24th. Roth Mkm reaffirmed a neutral rating and issued a $70.00 price objective on shares of Winnebago Industries in a research note on Thursday, March 21st. StockNews.com raised shares of Winnebago Industries from a sell rating to a hold rating in a research note on Saturday, April 13th. Finally, DA Davidson upped their price objective on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a neutral rating in a research note on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $68.50.
Check Out Our Latest Analysis on Winnebago Industries
Winnebago Industries Stock Down 1.3 %
Shares of WGO opened at $53.97 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 16.16 and a beta of 1.72. Winnebago Industries has a 12-month low of $53.13 and a 12-month high of $75.42. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $60.83 and a 200-day moving average price of $66.14.
Winnebago Industries (NYSE:WGO – Get Free Report) last issued its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). The company had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 earnings per share. Equities research analysts expect that Winnebago Industries will post 5.02 earnings per share for the current year.
Winnebago Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.30%. Winnebago Industries’s dividend payout ratio is presently 37.13%.
Hedge Funds Weigh In On Winnebago Industries
Large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of Winnebago Industries by 5.0% during the first quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after acquiring an additional 274 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Winnebago Industries by 8.6% in the 1st quarter. Verdence Capital Advisors LLC now owns 4,196 shares of the construction company’s stock worth $311,000 after buying an additional 331 shares during the period. GAMMA Investing LLC acquired a new position in Winnebago Industries in the 4th quarter worth approximately $30,000. Hudson Portfolio Management LLC increased its holdings in Winnebago Industries by 4.3% in the 3rd quarter. Hudson Portfolio Management LLC now owns 10,976 shares of the construction company’s stock worth $653,000 after buying an additional 450 shares during the period. Finally, Principal Securities Inc. acquired a new position in Winnebago Industries in the 4th quarter worth approximately $39,000.
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.
Read More
Read More: Winnebago Industries (NYSE:WGO) Given New $70.00 Price Target at Robert W. Baird
Subscribe
Login
0 Comments
Oldest