Winnebago Industries (NYSE:WGO) Stock Rating Upgraded by Northcoast Research

Winnebago Industries (NYSE:WGO) was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat Ratings reports. The firm presently has a $75.00 target price on the construction company’s stock. Northcoast Research’s price target points to a potential upside of 19.83% from the company’s current price.

A number of other brokerages have also recently commented on WGO. Truist Financial lowered their target price on Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets decreased their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Benchmark dropped their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Robert W. Baird reduced their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.13.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $62.59 on Monday. The stock has a fifty day moving average price of $57.75 and a 200 day moving average price of $58.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. The stock has a market cap of $1.81 billion, a PE ratio of 208.63 and a beta of 1.60. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business had revenue of $720.90 million for the quarter, compared to analysts’ expectations of $718.72 million. During the same quarter last year, the business posted $1.59 earnings per share. The business’s revenue was down 6.5% compared to the same quarter last year. Sell-side analysts forecast that Winnebago Industries will post 3.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director William C. Fisher purchased 2,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were bought at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the acquisition, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Winnebago Industries news, CEO Michael J. Happe purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average price of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the acquisition, the chief executive officer now owns 285,953 shares of the company’s stock, valued at approximately $15,876,110.56. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Fisher acquired 2,000 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares of the company’s stock, valued at $1,768,554.27. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently made changes to their positions in WGO. Charles Schwab Investment Management Inc. raised its position in Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock valued at $33,408,000 after purchasing an additional 54,272 shares during the period. Intech Investment Management LLC grew its stake in shares of Winnebago Industries by 123.5% in the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company’s stock valued at $811,000 after buying an additional 7,715 shares in the last quarter. Aviance Capital Partners LLC raised its holdings in shares of Winnebago Industries by 20.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 22,138 shares of the construction company’s stock valued at $1,286,000 after buying an additional 3,751 shares during the period. Empowered Funds LLC lifted its position in Winnebago Industries by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 124,191 shares of the construction company’s stock worth $7,217,000 after acquiring an additional 6,298 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Winnebago Industries in the 3rd quarter worth approximately $1,025,000.

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.