Winnebago Industries, Inc. (NYSE:WGO) Given Average Recommendation of “Moderate Buy” by Analysts

Winnebago Industries, Inc. (NYSE:WGO) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $68.13.

A number of research analysts have commented on the company. Benchmark reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, October 22nd. 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 report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, BMO Capital Markets lowered their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 24th.

Winnebago Industries Stock Performance

NYSE WGO opened at $58.93 on Monday. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a market capitalization of $1.70 billion, a P/E ratio of 196.44 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The business has a 50 day moving average price of $58.22 and a 200 day moving average price of $57.96.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same quarter last year, the firm posted $1.59 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts expect that Winnebago Industries will post 3.54 EPS for the current fiscal year.

Insider Activity

In related news, Director William C. Fisher purchased 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction dated Friday, November 1st. The shares were 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. This represents 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 corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. TT International Asset Management LTD boosted its holdings in Winnebago Industries by 641.8% in the 3rd quarter. TT International Asset Management LTD now owns 52,903 shares of the construction company’s stock valued at $3,074,000 after purchasing an additional 45,771 shares during the period. Vestcor Inc raised its position 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 valued at $1,000,000 after buying an additional 8,837 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Winnebago Industries in the third quarter valued at about $616,000. Dean Investment Associates LLC grew its position in Winnebago Industries by 108.1% during the third quarter. Dean Investment Associates LLC now owns 50,966 shares of the construction company’s stock worth $2,962,000 after buying an additional 26,474 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Winnebago Industries during the third quarter valued at about $7,750,000.

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.