Winnebago Industries (NYSE:WGO) Price Target Cut to $64.00 by Analysts at Robert W. Baird

Winnebago Industries (NYSE:WGO) had its target price dropped by investment analysts at Robert W. Baird from $70.00 to $64.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential upside of 23.60% from the company’s previous close.

WGO has been the topic of several other research reports. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Friday, October 18th. Benchmark lowered their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup raised their price target on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Truist Financial raised their price target on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.43.

Winnebago Industries Stock Down 10.8 %

Shares of NYSE WGO opened at $51.78 on Thursday. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The business has a 50-day simple moving average of $57.92 and a two-hundred day simple moving average of $58.78. The company has a quick ratio of 1.35, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.50 billion, a P/E ratio of 19.99 and a beta of 1.61.

Hedge Funds Weigh In On Winnebago Industries

Large investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the period. Sound Income Strategies LLC increased its stake in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the period. Innealta Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC purchased a new position in Winnebago Industries in the 1st quarter worth approximately $75,000. Finally, nVerses Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter worth approximately $76,000.

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.