KeyCorp Lowers Winnebago Industries (NYSE:WGO) Price Target to $47.00

Winnebago Industries (NYSE:WGO) had its target price decreased by investment analysts at KeyCorp from $58.00 to $47.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective would indicate a potential upside of 35.92% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. DA Davidson lowered their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Benchmark reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research note on Monday, December 23rd. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial lifted their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Winnebago Industries currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Winnebago Industries Price Performance

NYSE WGO traded down $0.87 during mid-day trading on Thursday, hitting $34.58. The stock had a trading volume of 232,518 shares, compared to its average volume of 627,818. Winnebago Industries has a 52-week low of $34.12 and a 52-week high of $74.10. The company has a market cap of $981.97 million, a price-to-earnings ratio of -52.32 and a beta of 1.70. The company has a 50 day simple moving average of $43.20 and a 200 day simple moving average of $51.69. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same period in the previous year, the company posted $1.06 EPS. Winnebago Industries’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Activity

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the company. First Trust Advisors LP raised its position in shares of Winnebago Industries by 40.6% during the 4th quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Winnebago Industries by 1,930.2% in the 4th quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after buying an additional 305,818 shares during the period. Barclays PLC grew its position in shares of Winnebago Industries by 494.5% during the 4th quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after buying an additional 245,131 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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, Janus Henderson Group PLC lifted its holdings in Winnebago Industries by 1,242.6% in the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after acquiring an additional 168,055 shares during the last quarter.

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 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.