Citigroup Lowers Winnebago Industries (NYSE:WGO) Price Target to $43.00

Winnebago Industries (NYSE:WGO) had its price objective cut by research analysts at Citigroup from $51.00 to $43.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective points to a potential upside of 22.54% from the company’s previous close.

Several other research analysts also recently commented on WGO. Benchmark reissued a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. DA Davidson dropped their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday. KeyCorp upgraded shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Truist Financial upped their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.22.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock traded up $0.36 during trading on Wednesday, reaching $35.09. The company’s stock had a trading volume of 125,315 shares, compared to its average volume of 762,447. The business’s 50-day moving average price is $43.47 and its 200-day moving average price is $51.81. The firm has a market cap of $996.45 million, a PE ratio of -53.17 and a beta of 1.70. Winnebago Industries has a 52 week low of $34.12 and a 52 week high of $74.10. 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 (NYSE:WGO) last posted its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The company had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period last year, the firm earned $1.06 EPS. Equities analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Activity at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the completion of the sale, the director now directly owns 10,985 shares in the company, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Winnebago Industries by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after buying an additional 48,517 shares in the last quarter. First Trust Advisors LP increased its position in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after acquiring an additional 474,273 shares during the last quarter. State Street Corp increased its position in Winnebago Industries by 0.6% during the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after acquiring an additional 6,979 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock worth $29,889,000 after purchasing an additional 50,634 shares during 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.