Winnebago Industries (NYSE:WGO) Price Target Cut to $50.00 by Analysts at Truist Financial

Winnebago Industries (NYSE:WGO) had its target price cut by investment analysts at Truist Financial from $58.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s target price suggests a potential upside of 44.78% from the stock’s previous close.

WGO has been the topic of a number of other reports. Citigroup decreased their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, March 19th. KeyCorp lowered their price objective on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Benchmark reissued a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, DA Davidson reduced their price target on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.00.

Winnebago Industries Stock Performance

Shares of WGO stock traded down $3.05 during midday trading on Friday, hitting $34.54. The company had a trading volume of 514,547 shares, compared to its average volume of 670,728. The company’s 50 day simple moving average is $41.71 and its 200 day simple moving average is $50.78. Winnebago Industries has a 52-week low of $33.62 and a 52-week high of $74.10. The stock has a market cap of $980.69 million, a price-to-earnings ratio of -52.34 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company’s quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. R Squared Ltd bought a new position in Winnebago Industries in the 4th quarter valued at $43,000. Sterling Capital Management LLC increased its stake in shares of Winnebago Industries by 823.5% in the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after buying an additional 807 shares in the last quarter. Quarry LP raised its holdings in shares of Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after buying an additional 848 shares during the last quarter. Finally, KBC Group NV lifted its position in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after buying an additional 587 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.