Winnebago Industries (NYSE:WGO) Price Target Cut to $60.00 by Analysts at Benchmark

Winnebago Industries (NYSE:WGO) had its price objective lowered by Benchmark from $70.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Benchmark’s price target points to a potential upside of 74.47% from the stock’s previous close.

A number of other equities analysts have also issued reports on the company. KeyCorp decreased their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Truist Financial decreased their target price on Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research note on Friday. Citigroup cut their price target on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, DA Davidson cut their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Tuesday, December 24th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Winnebago Industries Stock Performance

Shares of NYSE WGO traded down $0.07 during midday trading on Tuesday, reaching $34.39. 76,855 shares of the company traded hands, compared to its average volume of 673,380. The company has a market cap of $976.57 million, a price-to-earnings ratio of -51.88 and a beta of 1.70. The stock has a 50-day moving average price of $41.18 and a 200 day moving average price of $50.42. Winnebago Industries has a 52 week low of $33.59 and a 52 week high of $74.00. 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 released its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $620.20 million for the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. Winnebago Industries’s revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Sell-side analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction dated Thursday, February 13th. The stock was 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 approximately $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.63% of the company’s stock.

Institutional Trading of Winnebago Industries

A number of hedge funds have recently made changes to their positions in WGO. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Winnebago Industries in the 4th quarter valued at approximately $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Winnebago Industries by 18.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,693 shares of the construction company’s stock worth $4,047,000 after acquiring an additional 13,365 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of Winnebago Industries during the fourth quarter worth $1,652,000. Vident Advisory LLC boosted its position in Winnebago Industries by 13.4% during the fourth quarter. Vident Advisory LLC now owns 12,021 shares of the construction company’s stock valued at $574,000 after purchasing an additional 1,422 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Winnebago Industries in the fourth quarter valued at about $3,579,000.

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.