Northcoast Research Upgrades Winnebago Industries (NYSE:WGO) to Buy

Northcoast Research upgraded shares of Winnebago Industries (NYSE:WGO) from a neutral rating to a buy rating in a report released on Monday morning, Marketbeat reports. The firm currently has $75.00 price objective on the construction company’s stock.

Several other research analysts have also commented on WGO. Robert W. Baird decreased their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Truist Financial reduced their price objective on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Benchmark reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets cut their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.13.

Winnebago Industries Stock Performance

NYSE:WGO opened at $60.85 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries has a twelve month low of $49.68 and a twelve month high of $75.42. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 202.82 and a beta of 1.60. The firm’s fifty day simple moving average is $57.85 and its 200 day simple moving average is $58.17.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Winnebago Industries will post 3.62 earnings per share for the current fiscal year.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the transaction, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This trade represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Fisher bought 2,000 shares of Winnebago Industries stock in a transaction dated Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in WGO. GAMMA Investing LLC raised its position in Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Winnebago Industries by 69.1% during the third 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 bought a new position in Winnebago Industries during the 2nd quarter worth $45,000. EntryPoint Capital LLC bought a new stake in shares of Winnebago Industries during the 1st quarter valued at $75,000. Finally, nVerses Capital LLC acquired a new position in shares of Winnebago Industries during the 2nd quarter worth $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.