The stock of Winnebago Industries Inc. (NYSE:WGO) last traded at $61.34, down -4.44% from the previous session.
Data from the available sources indicates that Winnebago Industries Inc. (NYSE:WGO) is covered by 12 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $50.00, we find $63.50. Given the previous closing price of $64.19, this indicates a potential downside of -1.07 percent. WGO stock price is now 0.24% away from the 50-day moving average and 7.31% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
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In total, 5 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $66.88 as their price target over the next twelve months.
On January 27, 2023, MKM Partners reiterated its ‘Neutral’ rating on the stock by increasing its target price from $53 to quote $61, while ‘DA Davidson’ rates the stock as ‘Neutral’.
Insiders disposed of 72,513 shares of company stock worth roughly $4.45 million over the past 1 year. A total of 4.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WGO stock. A new stake in Winnebago Industries Inc. shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $6,347,000. EMPOWERED FUNDS, LLC invested $5,080,000 in shares of WGO during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Winnebago Industries Inc. valued at approximately $4,346,000. WALLEYE TRADING LLC acquired a new stake in WGO for approximately $2,707,000. TOROSO INVESTMENTS, LLC purchased a new stake in WGO valued at around $1,562,000 in the second quarter.
With an opening price of $61.58 on Tuesday morning, Winnebago Industries Inc. (NYSE: WGO) set off the trading day. During the past 12 months, Winnebago Industries Inc. has had a low of $43.05 and a high of $70.53. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 2.40, and a quick ratio of 1.10. The fifty day moving average price for WGO is $61.19 and a two-hundred day moving average price translates $57.16 for the stock.
The latest earnings results from Winnebago Industries Inc. (NYSE: WGO) was released for Nov, 2022. According to the Recreational Vehicles Company, earnings per share came in at $2.07, beating analysts’ expectations of $1.82 by 0.25. This compares to $2.90 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 28.00% for WGO. The company reported revenue of $952.2 million for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.61 percent. For the current quarter, analysts expect WGO to generate $850.5M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/25/2023. Investors who held shares on 01/11/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 1.76% percent yield. There was an ex-dividend date of 01/10/2023 for this dividend. In terms of dividend payout ratio, WGO is presently at 6.50%.
Winnebago Industries Inc.(WGO) 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 six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles. 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. The company also offers motorhomes, which are self-propelled mobile dwellings used primarily as temporary living quarters during vacation and camping trips, or to support active and mobile lifestyles under the Winnebago and Newmar brand names. In addition, it offers other specialty commercial vehicles for law enforcement command centers, mobile medical clinics, and mobile office spaces; commercial vehicles as bare shells to third-party up fitters; and boats in the recreational powerboat industry under the Chris-Craft and Barletta brand names. Further, the company is involved in the original equipment manufacturing of parts for other manufacturers and commercial vehicles. The company sells its products primarily through independent dealers in the United States, Canada, and internationally. Winnebago Industries, Inc. was incorporated in 1958 and is based in Forest City, Iowa.
