Winnebago Industries (NYSE:WGO) Lowered to “Sell” Rating by StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

WGO has been the subject of several other research reports. Benchmark dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Citigroup raised their price objective on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, July 12th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial dropped their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.14.

Winnebago Industries Stock Performance

NYSE:WGO opened at $57.36 on Tuesday. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.66 billion, a PE ratio of 191.21 and a beta of 1.61. The firm has a 50-day moving average price of $57.68 and a 200 day moving average price of $58.35.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. Research analysts anticipate that Winnebago Industries will post 3.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, CEO Michael J. Happe acquired 2,500 shares of Winnebago Industries stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the purchase, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the transaction, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. GAMMA Investing LLC boosted its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth $45,000. EntryPoint Capital LLC acquired a new stake in shares of Winnebago Industries during the first quarter worth $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Winnebago Industries during the second quarter worth $76,000.

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.