Winnebago Industries (NYSE:WGO) Price Target Lowered to $54.00 at DA Davidson

Winnebago Industries (NYSE:WGO) had its price objective reduced by investment analysts at DA Davidson from $55.00 to $54.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. DA Davidson’s price objective points to a potential upside of 12.50% from the company’s current price.

Several other brokerages also recently weighed in on WGO. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research report on Monday. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, November 11th. Finally, Truist Financial dropped their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and a consensus target price of $66.63.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $48.00 on Tuesday. Winnebago Industries has a 52 week low of $47.93 and a 52 week high of $74.61. The company has a market capitalization of $1.39 billion, a PE ratio of 160.01 and a beta of 1.60. The stock’s fifty day moving average is $57.48 and its two-hundred day moving average is $57.17. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter last year, the company earned $1.06 earnings per share. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. As a group, analysts expect that Winnebago Industries will post 3.52 earnings per share for the current year.

Insider Activity

In other news, CEO Michael J. Happe acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the acquisition, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This trade represents a 0.88 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors and hedge funds have recently bought and sold shares of WGO. Pacer Advisors Inc. lifted its stake in Winnebago Industries by 47.8% in the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after purchasing an additional 463,257 shares in the last quarter. Millennium Management LLC lifted its position in Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after buying an additional 199,264 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Winnebago Industries during the second quarter worth $9,708,000. Janus Henderson Group PLC grew its holdings in Winnebago Industries by 1,242.6% in the 3rd quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock valued at $10,552,000 after buying an additional 168,055 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Winnebago Industries in the 2nd quarter worth $7,976,000.

About Winnebago Industries

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.