Investment Analysts’ Recent Ratings Updates for Winnebago Industries (WGO)

A number of research firms have changed their ratings and price targets for Winnebago Industries (NYSE: WGO):

• 10/24/2024 – Winnebago Industries had its price target lowered by analysts at BMO Capital Markets from $75.00 to $70.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Winnebago Industries had its price target lowered by analysts at Robert W. Baird from $70.00 to $64.00. They now have an “outperform” rating on the stock.
• 10/24/2024 – Winnebago Industries had its price target lowered by analysts at Truist Financial Co. from $68.00 to $64.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Winnebago Industries had its price target lowered by analysts at Benchmark Co. from $75.00 to $70.00. They now have a “buy” rating on the stock.
• 10/18/2024 – Winnebago Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/27/2024 – Winnebago Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/20/2024 – Winnebago Industries had its price target raised by analysts at Truist Financial Co. from $65.00 to $68.00. They now have a “buy” rating on the stock.
• 9/19/2024 – Winnebago Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/11/2024 – Winnebago Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/3/2024 – Winnebago Industries was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 8/26/2024 – Winnebago Industries was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Winnebago Industries Price Performance

NYSE:WGO opened at $52.21 on Friday. The firm has a fifty day simple moving average of $57.81 and a 200 day simple moving average of $58.73. Winnebago Industries, Inc. has a 1-year low of $49.68 and a 1-year high of $75.42. The stock has a market capitalization of $1.51 billion, a PE ratio of 20.16 and a beta of 1.61. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. During the same quarter in the previous year, the business posted $1.59 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, research analysts expect that Winnebago Industries, Inc. will post 4.1 EPS for the current fiscal year.

Winnebago Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a $0.34 dividend. This is an increase from Winnebago Industries’s previous quarterly dividend of $0.31. This represents a $1.36 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Wednesday, September 11th. Winnebago Industries’s payout ratio is currently 52.51%.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its position in Winnebago Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after acquiring an additional 200 shares during the last quarter. ProShare Advisors LLC boosted its stake in Winnebago Industries by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock valued at $425,000 after purchasing an additional 274 shares during the period. Sound Income Strategies LLC grew its holdings in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after buying an additional 286 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Winnebago Industries by 5.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after buying an additional 294 shares during the period. Finally, GAMMA Investing LLC increased its position in Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares during the period.

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.