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

Winnebago Industries (NYSE:WGO) had its target price cut by research analysts at Truist Financial from $64.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price points to a potential upside of 15.30% from the company’s current price.

A number of other analysts also recently issued reports on WGO. Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. DA Davidson dropped their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. 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. Finally, Benchmark reiterated a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.78.

Winnebago Industries Price Performance

WGO stock opened at $48.57 on Tuesday. The company has a market capitalization of $1.38 billion, a PE ratio of 161.91 and a beta of 1.62. The company’s fifty day moving average price is $55.31 and its 200-day moving average price is $56.42. Winnebago Industries has a one year low of $45.44 and a one year high of $74.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The company had revenue of $625.60 million for the quarter, compared to the consensus estimate 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 for the quarter was down 18.0% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. On average, equities analysts anticipate that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Insider Activity

In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction dated Tuesday, October 29th. The stock was acquired at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This trade represents a 0.88 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of large investors have recently bought and sold shares of WGO. GAMMA Investing LLC increased its holdings in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after acquiring an additional 316 shares during the period. Sound Income Strategies LLC grew its stake in Winnebago Industries by 69.1% in the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after purchasing an additional 286 shares during the last quarter. Quarry LP raised its holdings in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock valued at $86,000 after buying an additional 989 shares during the last quarter. 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.