Winnebago Industries (NYSE:WGO) Upgraded at StockNews.com

Winnebago Industries (NYSE:WGO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other equities research analysts also recently commented on the stock. Citigroup lowered their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. Benchmark reiterated a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial raised their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Finally, KeyCorp lowered their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Winnebago Industries currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Winnebago Industries Price Performance

WGO stock traded down $0.62 during trading on Tuesday, hitting $34.36. 938,416 shares of the stock traded hands, compared to its average volume of 639,432. The stock has a market cap of $975.72 million, a price-to-earnings ratio of -52.06 and a beta of 1.70. The company has a 50 day simple moving average of $42.20 and a 200 day simple moving average of $50.98. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a one year low of $33.62 and a one year high of $74.10.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results 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). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.06 EPS. Equities analysts expect that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the sale, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently made changes to their positions in WGO. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares during the period. Quarry LP raised its position in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after buying an additional 848 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after acquiring an additional 807 shares during the last quarter. R Squared Ltd bought a new stake in Winnebago Industries during the fourth quarter valued at approximately $43,000. Finally, KBC Group NV lifted its holdings in shares of Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after acquiring an additional 587 shares during the last quarter.

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.