Truist Financial Forecasts Strong Price Appreciation for Winnebago Industries (NYSE:WGO) Stock

Winnebago Industries (NYSE:WGO) had its target price boosted by equities research analysts at Truist Financial from $56.00 to $58.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s target price points to a potential upside of 25.86% from the company’s previous close.

A number of other research analysts have also recently weighed in on WGO. BMO Capital Markets 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 research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. 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 report on Thursday, October 24th. DA Davidson dropped their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.00.

Winnebago Industries Trading Up 2.2 %

Shares of WGO stock opened at $46.08 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -69.82 and a beta of 1.62. Winnebago Industries has a 52-week low of $44.11 and a 52-week high of $74.10. The company has a 50-day simple moving average of $49.46 and a two-hundred day simple moving average of $55.08.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.06 EPS. Research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Institutional Trading of Winnebago Industries

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised 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 purchasing an additional 173,274 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after buying an additional 168,055 shares during the period. Wellington Management Group LLP bought a new position in Winnebago Industries in the third quarter worth about $7,750,000. LHM Inc. purchased a new stake in Winnebago Industries in the fourth quarter worth about $6,077,000. Finally, Edgestream Partners L.P. bought a new stake in Winnebago Industries during the 4th quarter valued at approximately $4,602,000.

Winnebago Industries Company Profile

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.