Benchmark Reaffirms Buy Rating for Winnebago Industries (NYSE:WGO)

Winnebago Industries (NYSE:WGO)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a research note issued on Monday,Benzinga reports. They currently have a $70.00 target price on the construction company’s stock. Benchmark’s price objective points to a potential upside of 46.17% from the company’s current price.

Several other equities research analysts have also commented on WGO. Truist Financial cut their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. BMO Capital Markets reduced their target price on 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 downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird reduced their price objective 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 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $47.89 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60. The company has a fifty day simple moving average of $57.26 and a 200-day simple moving average of $57.09. 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 12-month low of $47.10 and a 12-month high of $74.61.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue was down 18.0% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. Equities analysts expect that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Michael J. Happe acquired 2,500 shares of the stock in a transaction dated 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 purchase, the chief executive officer now directly owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value 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 ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Winnebago Industries by 13.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after acquiring an additional 138,327 shares in the last quarter. State Street Corp lifted its holdings in shares of Winnebago Industries by 0.6% during the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after acquiring an additional 6,979 shares in the last quarter. American Century Companies Inc. boosted its position in Winnebago Industries by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock worth $46,697,000 after purchasing an additional 69,453 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Winnebago Industries by 10.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after purchasing an additional 54,272 shares in the last quarter.

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.