Benchmark Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective decreased by equities research analysts at Benchmark from $70.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Benchmark’s price objective would indicate a potential upside of 67.36% from the stock’s previous close.

Several other equities analysts also recently commented on WGO. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, March 28th. KeyCorp reduced their target price on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 25th. DA Davidson cut their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. Finally, Truist Financial lowered their price objective on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Winnebago Industries Price Performance

Shares of WGO opened at $35.85 on Tuesday. The firm has a market capitalization of $1.00 billion, a PE ratio of -54.32 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. The company’s 50-day moving average is $40.67 and its 200-day moving average is $50.17. Winnebago Industries has a fifty-two week low of $33.59 and a fifty-two week high of $72.15.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts forecast that Winnebago Industries will post 3.41 EPS for the current year.

Insider Transactions at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The shares were 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 directly owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin E. Bryant acquired 4,200 shares of the stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $34.12 per share, with a total value of $143,304.00. Following the completion of the purchase, the director now owns 13,755 shares of the company’s stock, valued at approximately $469,320.60. The trade was a 43.96 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

Several large investors have recently bought and sold shares of WGO. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Winnebago Industries in the fourth quarter valued at approximately $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Winnebago Industries by 18.7% during the fourth 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 purchasing an additional 13,365 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Winnebago Industries in the fourth quarter worth about $1,652,000. Vident Advisory LLC raised its position in shares of Winnebago Industries by 13.4% in 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 during the period. Finally, Two Sigma Advisers LP bought a new position in Winnebago Industries in the 4th quarter worth approximately $3,579,000.

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.