Winnebago Industries (NYSE:WGO) Upgraded at KeyCorp

Winnebago Industries (NYSE:WGO) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Wednesday,Briefing.com Automated Import reports. The firm presently has a $58.00 price target on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 21.62% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Truist Financial reduced their price objective on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Benchmark reiterated a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, BMO Capital Markets cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries has an average rating of “Moderate Buy” and a consensus target price of $64.78.

Winnebago Industries Stock Down 3.1 %

WGO opened at $47.69 on Wednesday. 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 cap of $1.35 billion, a price-to-earnings ratio of 158.97 and a beta of 1.62. Winnebago Industries has a one year low of $45.44 and a one year high of $74.10. The business’s fifty day moving average is $55.49 and its two-hundred day moving average is $56.48.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $625.60 million during the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter in the prior year, the firm earned $1.06 earnings per share. Winnebago Industries’s quarterly revenue was down 18.0% on a year-over-year basis. Analysts anticipate that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Insider Activity at Winnebago Industries

In other news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now directly owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. This trade represents a 6.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Happe bought 2,500 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the completion of 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 trade represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC lifted its stake in shares of Winnebago Industries by 3.6% in the third quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock worth $416,000 after acquiring an additional 245 shares in the last quarter. Sound Income Strategies LLC increased its holdings in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock valued at $333,000 after purchasing an additional 294 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Winnebago Industries by 222.5% during the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares during the last quarter. Finally, Lakewood Asset Management LLC grew its position in shares of Winnebago Industries by 7.1% during the third quarter. Lakewood Asset Management LLC now owns 5,378 shares of the construction company’s stock worth $313,000 after buying an additional 355 shares in 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.