Winnebago Industries (NYSE:WGO) Price Target Cut to $60.00 by Analysts at BMO Capital Markets

Winnebago Industries (NYSE:WGO) had its price target decreased by analysts at BMO Capital Markets from $70.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ price target indicates a potential upside of 72.12% from the company’s current price.

Several other equities research analysts also recently commented on WGO. Truist Financial upped their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday. KeyCorp dropped their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Benchmark restated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. Finally, DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $58.89.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock traded down $2.72 on Friday, reaching $34.86. 380,207 shares of the company were exchanged, compared to its average volume of 670,231. The company’s 50-day moving average is $41.71 and its two-hundred day moving average is $50.78. The firm has a market cap of $989.89 million, a price-to-earnings ratio of -52.51 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a 1-year low of $33.62 and a 1-year high of $74.10.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, research analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Several institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after buying an additional 390 shares during the last quarter. R Squared Ltd acquired a new stake in Winnebago Industries during the fourth quarter worth approximately $43,000. Sterling Capital Management LLC increased its stake in Winnebago Industries by 823.5% during the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock worth $43,000 after acquiring an additional 807 shares during the period. Quarry LP raised its holdings in Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after acquiring an additional 848 shares in the last quarter. Finally, KBC Group NV lifted its position 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 valued at $72,000 after acquiring an additional 587 shares during the period.

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.