Winnebago Industries, Inc. (NYSE:WGO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.13.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. StockNews.com lowered 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 on the stock in a research note on Thursday, October 24th. Robert W. Baird lowered their target price on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Northcoast Research upgraded Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, November 11th.

Insider Activity

In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries 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 sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. The trade was a 33.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the purchase, the chief executive officer now owns 285,953 shares of the company’s stock, valued at $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of 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 acquiring an additional 286 shares in the last quarter. Innealta Capital LLC purchased a new position in Winnebago Industries during the 2nd quarter valued at about $45,000. Quarry LP boosted its stake in Winnebago Industries by 4,038.1% during the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after acquiring an additional 848 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Winnebago Industries in the second quarter worth about $76,000.

Winnebago Industries Stock Up 0.2 %

WGO opened at $58.54 on Monday. The business’s fifty day simple moving average is $58.29 and its 200 day simple moving average is $57.83. Winnebago Industries has a 52 week low of $49.68 and a 52 week high of $75.42. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.69 billion, a PE ratio of 195.14 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 earnings per share. As a group, research analysts expect that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

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.