Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) PT at $68.13

Winnebago Industries, Inc. (NYSE:WGO) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $68.13.

A number of research firms have issued reports on WGO. BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark decreased their target price on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, Truist Financial reduced their price target 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.

Insider Buying and Selling

In other news, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at approximately $1,343,953.92. This trade represents a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were acquired at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the acquisition, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 6.61 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Winnebago Industries during the third quarter worth $333,000. Sanctuary Advisors LLC raised its holdings in shares of Winnebago Industries by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after purchasing an additional 245 shares during the last quarter. TT International Asset Management LTD raised its holdings in shares of Winnebago Industries by 641.8% during the third quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock worth $3,074,000 after purchasing an additional 45,771 shares during the last quarter. Vestcor Inc raised its holdings in shares of Winnebago Industries by 105.6% during the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 8,837 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Winnebago Industries during the third quarter worth $616,000.

Winnebago Industries Stock Performance

NYSE WGO opened at $58.37 on Monday. Winnebago Industries has a 52-week low of $49.68 and a 52-week high of $75.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The company has a market capitalization of $1.69 billion, a P/E ratio of 200.04 and a beta of 1.60. The company has a fifty day moving average of $58.31 and a 200-day moving average of $57.91.

Winnebago Industries (NYSE:WGO) last issued its earnings results 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 business had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter in the previous year, the business earned $1.59 EPS. Winnebago Industries’s revenue for the quarter was down 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Winnebago Industries will post 3.54 EPS 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.