Winnebago Industries (NYSE:WGO) Upgraded to “Hold” at StockNews.com

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

A number of other equities research analysts also recently commented on WGO. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research report on Wednesday, March 19th. KeyCorp decreased their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Benchmark reissued a “buy” rating and issued a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. DA Davidson decreased their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Finally, Truist Financial lifted their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Winnebago Industries Stock Up 1.0 %

Shares of WGO stock opened at $34.73 on Tuesday. The company’s fifty day simple moving average is $41.93 and its two-hundred day simple moving average is $50.87. Winnebago Industries has a 52 week low of $33.62 and a 52 week high of $74.10. The stock has a market cap of $986.28 million, a P/E ratio of -52.62 and a beta of 1.70. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling

In related news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction 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 transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is owned by corporate insiders.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Winnebago Industries during the fourth quarter valued at $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Winnebago Industries by 18.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,693 shares of the construction company’s stock worth $4,047,000 after buying an additional 13,365 shares during the period. Voloridge Investment Management LLC bought a new position in Winnebago Industries during the 4th quarter worth about $1,652,000. Vident Advisory LLC boosted its stake in shares of Winnebago Industries by 13.4% during the fourth quarter. Vident Advisory LLC now owns 12,021 shares of the construction company’s stock valued at $574,000 after purchasing an additional 1,422 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Winnebago Industries during the fourth quarter valued at approximately $3,579,000.

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.