Winnebago Industries, Inc. (NYSE:WGO) Receives $68.13 Average Price Target from Brokerages

Shares of Winnebago Industries, Inc. (NYSE:WGO) have earned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $68.13.

A number of analysts have recently commented on the stock. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, November 11th. Truist Financial lowered their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. BMO Capital Markets lowered 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 report on Thursday, October 24th. Finally, Robert W. Baird lowered their price target on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th.

Winnebago Industries Stock Down 1.0 %

WGO opened at $58.37 on Monday. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. 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 company has a fifty day moving average of $58.31 and a two-hundred day moving average of $57.91. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 200.04 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data 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 firm had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. On average, research analysts expect that Winnebago Industries will post 3.54 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Winnebago Industries

Large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in shares of Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after buying an additional 463,257 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Winnebago Industries by 1,772.8% during the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after buying an additional 199,264 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Winnebago Industries during the second quarter worth about $9,708,000. Janus Henderson Group PLC grew its holdings in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after buying an additional 168,055 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Winnebago Industries during the second quarter worth about $7,976,000.

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.