Winnebago Industries (NYSE:WGO) Given New $67.00 Price Target at MKM Partners

Winnebago Industries (NYSE:WGOGet Rating) had its target price lowered by research analysts at MKM Partners from $79.00 to $67.00 in a research report issued to clients and investors on Thursday, The Fly reports. MKM Partners’ price objective suggests a potential upside of 38.49% from the stock’s current price.

WGO has been the subject of several other reports. Robert W. Baird lowered their target price on Winnebago Industries from $80.00 to $70.00 in a report on Thursday. Truist Financial reduced their price target on Winnebago Industries to $62.00 in a research report on Thursday, May 26th. StockNews.com began coverage on Winnebago Industries in a research report on Thursday, March 31st. They issued a “hold” rating for the company. DA Davidson lowered Winnebago Industries from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Thursday, May 19th. Finally, TheStreet lowered Winnebago Industries from a “b-” rating to a “c+” rating in a research report on Monday, June 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.11.

WGO opened at $48.38 on Thursday. The business has a fifty day moving average of $51.31 and a 200 day moving average of $60.24. Winnebago Industries has a 52-week low of $43.05 and a 52-week high of $80.30. The company has a quick ratio of 1.16, a current ratio of 2.18 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.59 billion, a P/E ratio of 4.79 and a beta of 1.70.

Winnebago Industries (NYSE:WGOGet Rating) last issued its earnings results on Wednesday, June 22nd. The construction company reported $4.13 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.17. Winnebago Industries had a return on equity of 35.21% and a net margin of 8.02%. During the same period in the previous year, the business posted $2.16 earnings per share. Equities analysts anticipate that Winnebago Industries will post 12.4 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in WGO. Oxford Financial Group Ltd. lifted its stake in Winnebago Industries by 80.8% during the 4th quarter. Oxford Financial Group Ltd. now owns 888,457 shares of the construction company’s stock valued at $66,563,000 after acquiring an additional 397,122 shares during the period. Wasatch Advisors Inc. acquired a new stake in Winnebago Industries during the 4th quarter valued at approximately $26,319,000. Vanguard Group Inc. lifted its stake in Winnebago Industries by 13.7% during the 1st quarter. Vanguard Group Inc. now owns 2,807,506 shares of the construction company’s stock valued at $151,689,000 after acquiring an additional 338,099 shares during the period. LSV Asset Management lifted its stake in Winnebago Industries by 272.0% during the 4th quarter. LSV Asset Management now owns 379,420 shares of the construction company’s stock valued at $28,426,000 after acquiring an additional 277,420 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Winnebago Industries by 22.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 626,192 shares of the construction company’s stock valued at $33,833,000 after acquiring an additional 116,473 shares during the period. Institutional investors and hedge funds own 94.86% of the company’s stock.

Winnebago Industries Company Profile (Get Rating)

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates in six segments: Grand Design Towables, Winnebago Towables, Winnebago Motorhomes, Newmar motorhomes, Chris-Craft Marine, and Winnebago Specialty Vehicles.

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