Winnebago Industries, Inc. (NYSE:WGO) Receives $68.13 Consensus Price Target from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have been given an average rating of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.13.

A number of research firms recently issued reports on WGO. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Truist Financial reduced their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Benchmark reduced their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Finally, Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Monday, November 11th.

Winnebago Industries Stock Up 0.4 %

Shares of NYSE:WGO opened at $58.63 on Monday. The company’s fifty day moving average is $58.29 and its two-hundred day moving average is $57.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 195.43 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data 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 return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same quarter last year, the company earned $1.59 EPS. Winnebago Industries’s revenue was down 6.5% compared to the same quarter last year. Equities analysts anticipate that Winnebago Industries will post 3.52 EPS for the current year.

Insider Transactions at Winnebago Industries

In related news, SVP Bret A. Woodson sold 12,187 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the sale, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. The trade was a 33.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael J. Happe purchased 2,500 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the completion of the purchase, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This 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 Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after buying an additional 286 shares in the last quarter. Innealta Capital LLC acquired a new position in Winnebago Industries in the second quarter worth approximately $45,000. Quarry LP increased its holdings 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 valued at $50,000 after buying an additional 848 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Winnebago Industries during the 2nd quarter valued at $76,000.

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.