Winnebago Industries (NYSE:WGO) PT Lowered to $70.00

Winnebago Industries (NYSE:WGO) had its target price decreased by equities researchers at Benchmark from $75.00 to $70.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Benchmark’s price target would suggest a potential upside of 35.19% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Truist Financial increased their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Citigroup increased their price target on Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Winnebago Industries presently has an average rating of “Moderate Buy” and a consensus target price of $69.29.

Winnebago Industries Trading Down 10.8 %

Shares of NYSE:WGO opened at $51.78 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a market cap of $1.50 billion, a P/E ratio of 19.99 and a beta of 1.61. The stock’s fifty day moving average price is $58.00 and its 200-day moving average price is $58.83.

Institutional Investors Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aviance Capital Partners LLC grew its holdings in Winnebago Industries by 6.7% during the first quarter. Aviance Capital Partners LLC now owns 19,519 shares of the construction company’s stock valued at $1,444,000 after purchasing an additional 1,230 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Winnebago Industries in the 1st quarter worth approximately $249,000. Principal Financial Group Inc. raised its stake in Winnebago Industries by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 171,110 shares of the construction company’s stock worth $12,662,000 after acquiring an additional 1,163 shares during the period. BNP Paribas Financial Markets raised its stake in Winnebago Industries by 5.9% during the 1st quarter. BNP Paribas Financial Markets now owns 112,925 shares of the construction company’s stock worth $8,356,000 after acquiring an additional 6,295 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in Winnebago Industries during the first quarter valued at approximately $1,182,000.

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.