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

Winnebago Industries (NYSE:WGO) had its price objective lowered by equities researchers at Truist Financial from $64.00 to $56.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective indicates a potential upside of 16.11% from the stock’s previous close.

A number of other brokerages have also issued reports on WGO. Robert W. Baird decreased their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. DA Davidson reduced their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Finally, Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.63.

Winnebago Industries Price Performance

NYSE:WGO traded down $0.98 during trading hours on Tuesday, reaching $48.23. 62,870 shares of the company traded hands, compared to its average volume of 718,805. Winnebago Industries has a 1-year low of $45.44 and a 1-year high of $74.10. The stock has a market cap of $1.37 billion, a P/E ratio of 160.77 and a beta of 1.62. The firm’s 50-day moving average is $55.68 and its 200-day moving average is $56.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36.

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

Insider Buying and Selling

In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average cost of $55.52 per share, with a total value of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

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