Truist Financial Cuts Winnebago Industries (NYSE:WGO) Price Target to $56.00

Winnebago Industries (NYSE:WGO) had its price objective cut by Truist Financial from $64.00 to $56.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts have also recently issued reports on the company. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. StockNews.com cut shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average price target of $64.78.

Winnebago Industries Stock Up 2.1 %

Shares of Winnebago Industries stock opened at $48.57 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. Winnebago Industries has a 52-week low of $45.44 and a 52-week high of $74.10. The company has a market capitalization of $1.38 billion, a P/E ratio of 161.91 and a beta of 1.62. The company has a 50 day moving average of $55.16 and a 200 day moving average of $56.37.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. As a group, research analysts forecast that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Winnebago Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.36 dividend on an annualized basis and a yield of 2.80%. Winnebago Industries’s dividend payout ratio is presently -206.06%.

Insider Activity

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction on Monday, October 28th. The shares were purchased at an average price of $54.81 per share, with a total value of $109,620.00. Following the transaction, the director now owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in Winnebago Industries in the 3rd quarter valued at approximately $7,750,000. Quantbot Technologies LP lifted its holdings in shares of Winnebago Industries by 94.5% in the 3rd quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock valued at $3,736,000 after buying an additional 31,242 shares during the period. Vestcor Inc boosted its stake in shares of Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after buying an additional 8,837 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Entropy Technologies LP raised its position in Winnebago Industries by 89.2% in the third quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock worth $1,084,000 after acquiring an additional 8,796 shares in the last quarter.

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.