Winnebago Industries (NYSE:WGO) Upgraded to “Hold” at StockNews.com

Winnebago Industries (NYSE:WGO) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

A number of other brokerages also recently weighed in on WGO. Benchmark began coverage on Winnebago Industries in a report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price target for the company. Truist Financial lifted their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Robert W. Baird dropped their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Finally, Citigroup boosted their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries Stock Up 1.1 %

NYSE:WGO opened at $58.21 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.35 and a current ratio of 2.45. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 22.47 and a beta of 1.62. Winnebago Industries has a one year low of $49.68 and a one year high of $75.42. The stock has a 50-day simple moving average of $58.01 and a 200 day simple moving average of $60.16.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the sale, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. 1832 Asset Management L.P. raised its stake in shares of Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after buying an additional 832,187 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares in the last quarter. Millennium Management LLC grew its position in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after buying an additional 199,264 shares during the last quarter. Norges Bank acquired a new position in Winnebago Industries in the fourth quarter worth approximately $13,809,000. Finally, Edgestream Partners L.P. bought a new position in shares of Winnebago Industries in the second quarter valued at $9,708,000.

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.