DA Davidson Lowers Winnebago Industries (NYSE:WGO) Price Target to $54.00

Winnebago Industries (NYSE:WGO) had its price target cut by DA Davidson from $55.00 to $54.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. DA Davidson’s price target points to a potential upside of 12.50% from the stock’s previous close.

A number of other analysts have also weighed in on the company. BMO Capital Markets dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a report on Monday, November 11th. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research report on Monday. Finally, Truist Financial dropped their price target on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.63.

Winnebago Industries Trading Down 0.0 %

Winnebago Industries stock opened at $48.00 on Tuesday. Winnebago Industries has a fifty-two week low of $47.93 and a fifty-two week high of $74.61. The firm’s fifty day moving average price is $57.48 and its 200-day moving average price is $57.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The stock has a market cap of $1.39 billion, a P/E ratio of 160.01 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The company had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same quarter last year, the business posted $1.06 EPS. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. Equities research analysts forecast that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In related news, Director William C. Fisher purchased 2,000 shares of Winnebago Industries stock in a transaction on Monday, October 28th. The shares were bought at an average cost of $54.81 per share, for a total transaction of $109,620.00. Following the acquisition, the director now owns 32,267 shares in the company, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bret A. Woodson sold 12,187 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now directly owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This trade represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. Louisiana State Employees Retirement System lifted its holdings in shares of Winnebago Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock valued at $797,000 after acquiring an additional 200 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Winnebago Industries by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 376,829 shares of the construction company’s stock worth $20,424,000 after purchasing an additional 1,681 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Winnebago Industries by 12.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,554 shares of the construction company’s stock valued at $355,000 after purchasing an additional 711 shares during the last quarter. Innealta Capital LLC purchased a new stake in Winnebago Industries during the 2nd quarter valued at $45,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Winnebago Industries in the second quarter worth $591,000.

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.