Brokerages Set Winnebago Industries, Inc. (WGO) Target Price at $40.20

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.20.

A number of research analysts recently issued reports on the company. ValuEngine upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group started coverage on Winnebago Industries in a research note on Thursday, March 28th. They set a “hold” rating and a $31.00 price objective for the company.

Shares of NYSE:WGO opened at $36.85 on Tuesday. The company has a market cap of $1.17 billion, a P/E ratio of 11.70, a P/E/G ratio of 0.45 and a beta of 1.48. The company has a quick ratio of 0.93, a current ratio of 1.82 and a debt-to-equity ratio of 0.48. Winnebago Industries has a 12-month low of $19.77 and a 12-month high of $47.76.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Monday, March 25th. The construction company reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The company had revenue of $432.70 million during the quarter, compared to the consensus estimate of $443.05 million. Winnebago Industries had a return on equity of 19.11% and a net margin of 5.24%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. On average, sell-side analysts expect that Winnebago Industries will post 3.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Wednesday, April 3rd were issued a $0.11 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.19%. Winnebago Industries’s dividend payout ratio is presently 13.97%.

In related news, VP Steven Scott Degnan sold 10,013 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $30.11, for a total value of $301,491.43. Following the transaction, the vice president now directly owns 32,449 shares of the company’s stock, valued at approximately $977,039.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Happe acquired 3,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were purchased at an average cost of $29.19 per share, for a total transaction of $102,165.00. Following the completion of the acquisition, the chief executive officer now directly owns 56,671 shares in the company, valued at $1,654,226.49. The disclosure for this purchase can be found here. 3.57% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of WGO. Advisor Group Inc. raised its holdings in shares of Winnebago Industries by 103.4% during the 4th quarter. Advisor Group Inc. now owns 1,654 shares of the construction company’s stock worth $40,000 after acquiring an additional 841 shares in the last quarter. AlphaOne Investment Services LLC increased its position in shares of Winnebago Industries by 39.7% during the 4th quarter. AlphaOne Investment Services LLC now owns 1,721 shares of the construction company’s stock valued at $42,000 after purchasing an additional 489 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Winnebago Industries by 27.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the construction company’s stock valued at $48,000 after purchasing an additional 428 shares during the last quarter. 6 Meridian bought a new position in shares of Winnebago Industries during the 1st quarter valued at approximately $218,000. Finally, Rex Capital Advisors LLC bought a new position in shares of Winnebago Industries during the 4th quarter valued at approximately $242,000. 92.60% of the stock is currently owned by institutional investors and hedge funds.

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 in five segments: Winnebago Motorhomes, Winnebago Towables, Grand Design Towables, Winnebago Specialty Vehicles, and Chris-Craft Marine.

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Analyst Recommendations for Winnebago Industries (NYSE:WGO)

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