StockNews.com Upgrades Winnebago Industries (NYSE:WGO) to Hold

Winnebago Industries (NYSE:WGO) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other analysts have also recently commented on the company. Citigroup upped their price objective on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, July 12th. BMO Capital Markets reduced their price objective on Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Truist Financial reduced their price objective on Winnebago Industries from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Benchmark assumed coverage on Winnebago Industries in a research report on Thursday, July 18th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Roth Mkm reduced their price objective on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Winnebago Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.57.

Winnebago Industries Stock Down 1.0 %

WGO stock opened at $57.99 on Thursday. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42. The business has a fifty day moving average price of $57.77 and a 200-day moving average price of $60.54. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock has a market capitalization of $1.68 billion, a P/E ratio of 22.39 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last posted its quarterly earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.17). The business had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $798.26 million. Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. Equities analysts forecast that Winnebago Industries will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Stacy L. Bogart sold 3,333 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the transaction, the senior vice president now owns 41,315 shares in the company, valued at $2,395,443.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. 1832 Asset Management L.P. grew its position in Winnebago Industries by 484.1% in the first quarter. 1832 Asset Management L.P. now owns 1,004,077 shares of the construction company’s stock worth $74,302,000 after acquiring an additional 832,187 shares in the last quarter. Pacer Advisors Inc. grew its position in Winnebago Industries by 47.8% in the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock worth $77,602,000 after acquiring an additional 463,257 shares in the last quarter. Millennium Management LLC grew its position in Winnebago Industries by 1,772.8% in the second quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock worth $11,409,000 after acquiring an additional 199,264 shares in the last quarter. Norges Bank purchased a new position in Winnebago Industries in the fourth quarter worth about $13,809,000. Finally, Edgestream Partners L.P. purchased a new position in Winnebago Industries in the second quarter worth about $9,708,000.

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.