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

Winnebago Industries (NYSE:WGO) had its price target cut by research analysts at BMO Capital Markets from $70.00 to $60.00 in a research 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 objective suggests a potential upside of 72.12% from the stock’s current price.

WGO has been the topic of several other research reports. StockNews.com upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson cut their price target on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Truist Financial increased their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. KeyCorp decreased their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Winnebago Industries has an average rating of “Moderate Buy” and an average target price of $58.89.

Winnebago Industries Trading Down 7.2 %

Shares of NYSE WGO traded down $2.72 during trading on Friday, reaching $34.86. The company had a trading volume of 380,207 shares, compared to its average volume of 670,231. The stock has a market cap of $989.89 million, a P/E ratio of -52.51 and a beta of 1.70. The company’s fifty day moving average price is $41.71 and its 200-day moving average price is $50.78. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 12 month low of $33.62 and a 12 month high of $74.10.

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

Insider Buying and Selling at Winnebago Industries

In other 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 completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

Several hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its holdings in Winnebago Industries by 123.5% during the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock valued at $811,000 after purchasing an additional 7,715 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after acquiring an additional 54,272 shares in the last quarter. FMR LLC boosted its stake in shares of Winnebago Industries by 76.0% in the third quarter. FMR LLC now owns 3,623 shares of the construction company’s stock worth $211,000 after acquiring an additional 1,565 shares during the period. BNP Paribas Financial Markets grew its position in shares of Winnebago Industries by 23.6% during the third quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company’s stock worth $921,000 after purchasing an additional 3,030 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in shares of Winnebago Industries during the third quarter worth about $217,000.

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.