Winnebago Industries (NYSE:WGO) Stock Rating Lowered by StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets dropped their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, June 21st. Benchmark started coverage on shares of Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 price objective on the stock. Robert W. Baird lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Roth Mkm lowered their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Friday, June 21st. Finally, Truist Financial upped their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Winnebago Industries Trading Up 0.4 %

Shares of Winnebago Industries stock opened at $60.38 on Friday. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.75 billion, a PE ratio of 23.31 and a beta of 1.61. The firm’s 50 day moving average is $57.93 and its 200 day moving average is $59.07.

Insider Transactions at Winnebago Industries

In other news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total value of $193,247.34. Following the completion of the transaction, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently bought and sold shares of the stock. Capstone Investment Advisors LLC bought a new stake in Winnebago Industries during the first quarter valued at approximately $1,182,000. Bayesian Capital Management LP bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $681,000. Duality Advisers LP bought a new stake in shares of Winnebago Industries in the 1st quarter worth approximately $1,212,000. 1832 Asset Management L.P. lifted its holdings in shares of Winnebago Industries by 484.1% in the 1st quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after acquiring an additional 832,187 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Winnebago Industries by 3,334.2% in the 2nd quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock worth $953,000 after acquiring an additional 17,071 shares during the last quarter.

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.