Northcoast Research Upgrades Winnebago Industries (NYSE:WGO) to Buy

Northcoast Research upgraded shares of Winnebago Industries (NYSE:WGO) from a neutral rating to a buy rating in a report released on Monday morning, Marketbeat.com reports. They currently have $75.00 price objective on the construction company’s stock.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Truist Financial cut their target price on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Thursday, October 24th. BMO Capital Markets decreased their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Robert W. Baird dropped their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Benchmark decreased their target price on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $68.13.

Winnebago Industries Stock Down 2.2 %

Shares of WGO opened at $61.20 on Monday. The business’s 50 day moving average is $57.79 and its 200 day moving average is $58.15. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The company has a market capitalization of $1.77 billion, a PE ratio of 204.01 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 EPS. Research analysts expect that Winnebago Industries will post 3.62 earnings per share for the current fiscal year.

Insider Transactions at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total value of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares of the company’s stock, valued at $1,343,953.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction on Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at approximately $1,343,953.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Fisher purchased 2,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the acquisition, the director now owns 32,267 shares of the company’s stock, valued at approximately $1,768,554.27. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently modified their holdings of WGO. Bayesian Capital Management LP bought a new position in Winnebago Industries in the first quarter worth approximately $681,000. 1832 Asset Management L.P. increased its stake in shares of Winnebago Industries by 484.1% during the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock valued at $74,302,000 after buying an additional 832,187 shares during the period. Quest Partners LLC raised its holdings in shares of Winnebago Industries by 3,334.2% in the second quarter. Quest Partners LLC now owns 17,583 shares of the construction company’s stock valued at $953,000 after acquiring an additional 17,071 shares in the last quarter. XTX Topco Ltd purchased a new stake in Winnebago Industries in the second quarter worth about $670,000. Finally, SG Americas Securities LLC bought a new position in Winnebago Industries during the 3rd quarter worth about $850,000.

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.