Winnebago Industries, Inc. (NYSE:WGO – Get Free Report)’s share price hit a new 52-week low during trading on Monday after Truist Financial lowered their price target on the stock from $68.00 to $65.00. Truist Financial currently has a buy rating on the stock. Winnebago Industries traded as low as $50.94 and last traded at $51.12, with a volume of 315445 shares. The stock had previously closed at $51.84.
Several other equities research analysts also recently issued reports on WGO. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. BMO Capital Markets dropped their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. DA Davidson upped their price target on Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 26th. Finally, Roth Mkm lowered their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.00.
Institutional Trading of Winnebago Industries
Several institutional investors have recently added to or reduced their stakes in WGO. GAMMA Investing LLC bought a new stake in shares of Winnebago Industries during the 4th quarter worth approximately $30,000. Principal Securities Inc. bought a new position in shares of Winnebago Industries in the 4th quarter valued at $39,000. EntryPoint Capital LLC acquired a new position in shares of Winnebago Industries during the 1st quarter worth $75,000. TFO Wealth Partners LLC lifted its position in shares of 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 buying an additional 2,006 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in Winnebago Industries in the third quarter valued at about $236,000.
Winnebago Industries Stock Performance
The stock has a market cap of $1.48 billion, a P/E ratio of 19.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock has a 50-day simple moving average of $58.88 and a 200-day simple moving average of $64.81.
Winnebago Industries (NYSE:WGO – Get Free Report) last released its quarterly earnings data 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). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The company had revenue of $786.00 million for the quarter, compared to analyst estimates of $798.26 million. During the same quarter in the prior year, the company earned $2.13 earnings per share. Winnebago Industries’s revenue for the quarter was down 12.7% compared to the same quarter last year. Research analysts forecast that Winnebago Industries, Inc. will post 4.29 earnings per share for the current year.
Winnebago Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, June 12th. Winnebago Industries’s dividend payout ratio (DPR) is 47.88%.
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.