Winnebago Industries (NYSE:WGO) Given New $50.00 Price Target at Truist Financial

Winnebago Industries (NYSE:WGO) had its price objective dropped by investment analysts at Truist Financial from $58.00 to $50.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price target would suggest a potential upside of 44.78% from the company’s previous close.

Several other brokerages also recently weighed in on WGO. BMO Capital Markets dropped their target price on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. DA Davidson reduced their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. KeyCorp dropped their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Benchmark restated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, Citigroup reduced their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.00.

Winnebago Industries Price Performance

Shares of NYSE:WGO traded down $3.05 on Friday, reaching $34.54. The company’s stock had a trading volume of 514,547 shares, compared to its average volume of 670,728. The company has a market cap of $980.69 million, a P/E ratio of -52.34 and a beta of 1.70. Winnebago Industries has a 52-week low of $33.62 and a 52-week high of $74.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The company has a 50-day simple moving average of $41.71 and a 200 day simple moving average of $50.78.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The business’s revenue was down 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. As a group, equities research analysts anticipate that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WGO. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Winnebago Industries in the fourth quarter valued at $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Winnebago Industries by 18.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,693 shares of the construction company’s stock worth $4,047,000 after buying an additional 13,365 shares during the period. Voloridge Investment Management LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $1,652,000. Vident Advisory LLC lifted its stake in Winnebago Industries by 13.4% in the fourth quarter. Vident Advisory LLC now owns 12,021 shares of the construction company’s stock worth $574,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Winnebago Industries in the 4th quarter valued at $3,579,000.

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.