Winnebago Industries (NYSE:WGO) Price Target Lowered to $47.00 at KeyCorp

Winnebago Industries (NYSE:WGO) had its target price dropped by investment analysts at KeyCorp from $58.00 to $47.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would suggest a potential upside of 35.92% from the company’s previous close.

WGO has been the topic of several other research reports. Truist Financial raised their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. DA Davidson dropped their price objective on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Citigroup decreased their target price on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Winnebago Industries Stock Performance

NYSE WGO traded down $0.87 on Thursday, hitting $34.58. The stock had a trading volume of 232,518 shares, compared to its average volume of 627,818. The company’s 50-day moving average is $43.20 and its two-hundred day moving average is $51.69. The stock has a market cap of $981.97 million, a price-to-earnings ratio of -52.32 and a beta of 1.70. 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 has a one year low of $34.12 and a one year high of $74.10.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. On average, analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s 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 of the company’s stock, valued at $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its stake in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after purchasing an additional 245 shares during the period. Cascade Investment Advisors Inc. grew its stake in shares of Winnebago Industries by 1.7% in the fourth quarter. Cascade Investment Advisors Inc. now owns 22,898 shares of the construction company’s stock worth $1,094,000 after acquiring an additional 380 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock worth $25,000 after acquiring an additional 390 shares during the period. Swiss National Bank raised its stake in Winnebago Industries by 0.7% during the 4th quarter. Swiss National Bank now owns 56,900 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 400 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in Winnebago Industries by 9.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 5,713 shares of the construction company’s stock valued at $273,000 after purchasing an additional 506 shares during the period.

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.