DA Davidson Increases Winnebago Industries (NYSE:WGO) Price Target to $66.00

Winnebago Industries (NYSE:WGO) had its target price lifted by stock analysts at DA Davidson from $64.00 to $66.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s target price would suggest a potential downside of 8.68% from the company’s previous close.

Other equities analysts have also issued reports about the stock. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 19th. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Thursday, March 21st. Finally, Truist Financial dropped their price target on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.80.

Winnebago Industries Stock Up 2.1 %

Shares of NYSE WGO opened at $72.27 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.52 and a current ratio of 2.84. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 21.64 and a beta of 1.71. The stock has a 50 day moving average price of $67.77 and a 200 day moving average price of $65.54. Winnebago Industries has a 52-week low of $54.70 and a 52-week high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. The company had revenue of $703.60 million during the quarter, compared to analyst estimates of $692.63 million. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. Sell-side analysts expect that Winnebago Industries will post 5.36 earnings per share for the current year.

Insider Transactions at Winnebago Industries

In related news, SVP Christopher David West sold 13,564 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the sale, the senior vice president now owns 26,309 shares of the company’s stock, valued at $1,817,425.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new stake in shares of Winnebago Industries during the fourth quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $30,000. Advisors Asset Management Inc. raised its holdings in Winnebago Industries by 71.8% in the first quarter. Advisors Asset Management Inc. now owns 622 shares of the construction company’s stock valued at $34,000 after acquiring an additional 260 shares in the last quarter. Principal Securities Inc. acquired a new stake in Winnebago Industries in the fourth quarter valued at approximately $39,000. Finally, Harbour Investments Inc. raised its holdings in Winnebago Industries by 164.5% during the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock worth $39,000 after purchasing an additional 329 shares in the last quarter.

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.