Citigroup Has Lowered Expectations for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective decreased by Citigroup from $51.00 to $43.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 23.61% from the stock’s current price.

Several other equities analysts also recently weighed in on WGO. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial raised their target price on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Benchmark restated a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. DA Davidson decreased 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. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 target price on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Winnebago Industries Stock Down 1.9 %

Shares of WGO opened at $34.79 on Wednesday. Winnebago Industries has a 52 week low of $34.05 and a 52 week high of $74.10. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $987.85 million, a price-to-earnings ratio of -52.71 and a beta of 1.70. The stock’s 50-day moving average price is $42.93 and its 200-day moving average price is $51.58.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million for 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%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 EPS. On average, sell-side analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares of the company’s stock, valued at $486,855.20. This represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of large investors have recently modified their holdings of the business. Intech Investment Management LLC grew its holdings in shares of Winnebago Industries by 123.5% in the 3rd quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock worth $811,000 after acquiring an additional 7,715 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after acquiring an additional 54,272 shares during the period. Quantbot Technologies LP grew 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. FMR LLC grew its holdings in shares of Winnebago Industries by 76.0% in the 3rd quarter. FMR LLC now owns 3,623 shares of the construction company’s stock worth $211,000 after acquiring an additional 1,565 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Winnebago Industries by 23.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after acquiring an additional 3,030 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.