Analysts Set Winnebago Industries, Inc. (NYSE:WGO) Target Price at $44.00

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $44.00.

Several research analysts have commented on WGO shares. SunTrust Banks raised their target price on Everbridge to $100.00 and gave the stock a “positive” rating in a research note on Thursday, June 20th. Northcoast Research started coverage on LCI Industries in a research note on Friday, June 14th. They issued a “neutral” rating for the company. Robert W. Baird started coverage on TAIWAN LIPOSOME/S in a research note on Thursday, June 20th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets raised their target price on Axalta Coating Systems to $34.00 and gave the stock a “market perform” rating in a research note on Friday, June 21st.

Shares of WGO stock traded up $0.68 on Thursday, hitting $40.01. 337,700 shares of the stock were exchanged, compared to its average volume of 540,447. The company has a quick ratio of 0.98, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 0.52 and a beta of 1.60. Winnebago Industries has a one year low of $19.77 and a one year high of $42.08. The firm has a 50 day moving average price of $38.44.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Wednesday, June 19th. The construction company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. The company had revenue of $528.90 million during the quarter, compared to the consensus estimate of $560.77 million. Winnebago Industries had a return on equity of 18.94% and a net margin of 5.51%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. Sell-side analysts expect that Winnebago Industries will post 3.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 19th were paid a $0.11 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $0.44 annualized dividend and a yield of 1.10%. Winnebago Industries’s dividend payout ratio is currently 13.97%.

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in shares of Winnebago Industries by 402.4% in the 1st quarter. Versant Capital Management Inc now owns 839 shares of the construction company’s stock valued at $26,000 after acquiring an additional 672 shares in the last quarter. 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 valued at $40,000 after buying an additional 841 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of Winnebago Industries during the 2nd quarter valued at about $42,000. Public Employees Retirement System of Ohio raised its holdings 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 buying an additional 428 shares in the last quarter. Finally, Brasada Capital Management LP purchased a new position in shares of Winnebago Industries during the 1st quarter valued at about $171,000. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

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 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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