Winnebago Industries (NYSE:WGO) Price Target Lowered to $60.00 at Benchmark

Winnebago Industries (NYSE:WGO) had its price target lowered by Benchmark from $70.00 to $60.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Benchmark’s target price would indicate a potential upside of 74.47% from the stock’s current price.

Several other research firms have also commented on WGO. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. Truist Financial decreased their target price on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Citigroup lowered their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. DA Davidson cut their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Finally, KeyCorp lowered their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.89.

Winnebago Industries Trading Down 0.2 %

WGO stock traded down $0.07 during midday trading on Tuesday, reaching $34.39. 76,855 shares of the company’s stock traded hands, compared to its average volume of 673,380. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a fifty-two week low of $33.59 and a fifty-two week high of $74.00. The business has a 50-day moving average price of $41.18 and a two-hundred day moving average price of $50.42. The company has a market capitalization of $976.57 million, a P/E ratio of -51.88 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same period in the prior year, the company earned $0.93 EPS. The firm’s revenue was down 11.9% on a year-over-year basis. Equities research analysts forecast that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the transaction, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.63% of the stock is currently owned by company insiders.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the last quarter. R Squared Ltd bought a new position in shares of Winnebago Industries during the fourth quarter worth about $43,000. Sterling Capital Management LLC increased its holdings in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after acquiring an additional 807 shares during the period. Quarry LP lifted its position in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares during the last quarter. Finally, KBC Group NV boosted its stake in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after purchasing an additional 587 shares during the period.

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.