Winnebago Industries (NYSE:WGO) Rating Lowered to Sell at StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also recently issued research reports about the company. Benchmark initiated coverage on Winnebago Industries in a report on Thursday, July 18th. They set a “buy” rating and a $75.00 target price on the stock. BMO Capital Markets lowered their target price on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, June 21st. Citigroup increased their target price on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Roth Mkm reduced their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, Robert W. Baird reduced their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Winnebago Industries Price Performance

NYSE:WGO traded up $0.22 during trading hours on Friday, reaching $60.38. 495,703 shares of the company traded hands, compared to its average volume of 556,969. The firm’s 50-day moving average is $57.93 and its 200-day moving average is $59.15. The stock has a market cap of $1.75 billion, a P/E ratio of 23.31 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42.

Insider Buying and Selling

In related news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares during the period. 1832 Asset Management L.P. raised its position in Winnebago Industries by 13.8% in the second quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock valued at $61,918,000 after purchasing an additional 138,327 shares during the period. Broad Peak Investment Holdings Ltd. raised its position in Winnebago Industries by 20.0% in the first quarter. Broad Peak Investment Holdings Ltd. now owns 877,678 shares of the construction company’s stock valued at $64,948,000 after purchasing an additional 146,000 shares during the period. American Century Companies Inc. raised its position in Winnebago Industries by 8.8% in the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after purchasing an additional 69,453 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Winnebago Industries by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock valued at $20,424,000 after purchasing an additional 1,681 shares during the period.

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.