Truist Financial Increases Winnebago Industries (NYSE:WGO) Price Target to $68.00

Winnebago Industries (NYSE:WGO) had its target price hoisted by analysts at Truist Financial from $65.00 to $68.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 15.39% from the company’s current price.

Several other brokerages have also commented on WGO. Benchmark assumed coverage on shares of Winnebago Industries in a research report on Thursday, July 18th. They issued a “buy” rating and a $75.00 price objective on the stock. BMO Capital Markets reduced their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, June 21st. Roth Mkm lowered their target price on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup increased their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Winnebago Industries Stock Down 1.0 %

NYSE WGO traded down $0.62 on Friday, reaching $58.93. The company had a trading volume of 192,341 shares, compared to its average volume of 557,334. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.71 billion, a P/E ratio of 22.74 and a beta of 1.62. The company’s fifty day moving average is $58.01 and its 200 day moving average is $60.52. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The business had revenue of $786.00 million for the quarter, compared to analysts’ expectations of $798.26 million. During the same period in the previous year, the business posted $2.13 earnings per share. The business’s revenue was down 12.7% compared to the same quarter last year. Sell-side analysts anticipate that Winnebago Industries will post 4.19 earnings per share for the current fiscal year.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was 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 of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.75% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. purchased a new position in shares of Winnebago Industries in the 4th quarter worth about $39,000. Innealta Capital LLC purchased a new stake in Winnebago Industries during the second quarter valued at about $45,000. EntryPoint Capital LLC bought a new position in shares of Winnebago Industries during the first quarter valued at about $75,000. nVerses Capital LLC purchased a new position in shares of Winnebago Industries in the second quarter worth about $76,000. Finally, Headlands Technologies LLC bought a new stake in shares of Winnebago Industries in the 2nd quarter valued at about $110,000.

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.