Winnebago Industries, Inc. (NYSE:WGO) Given Average Recommendation of “Moderate Buy” by Analysts

Winnebago Industries, Inc. (NYSE:WGO) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $68.13.

WGO has been the subject of several recent analyst reports. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Benchmark dropped their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, October 22nd. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, November 11th. Finally, Truist Financial decreased their price target on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th.

Winnebago Industries Stock Performance

WGO stock opened at $58.93 on Monday. The stock’s 50 day simple moving average is $58.22 and its 200 day simple moving average is $57.96. The company has a current ratio of 2.44, a quick ratio of 1.36 and a debt-to-equity ratio of 0.50. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The stock has a market capitalization of $1.70 billion, a PE ratio of 196.44 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company had revenue of $720.90 million during the quarter, compared to the consensus estimate of $718.72 million. During the same period last year, the firm posted $1.59 EPS. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts forecast that Winnebago Industries will post 3.54 earnings per share for the current fiscal year.

Insider Activity at Winnebago Industries

In related news, CEO Michael J. Happe purchased 2,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of $55.52 per share, for a total transaction of $138,800.00. Following the completion of the transaction, the chief executive officer now directly owns 285,953 shares in the company, valued at approximately $15,876,110.56. The trade was a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was bought at an average price of $54.81 per share, with a total value of $109,620.00. Following the acquisition, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

Several large investors have recently added to or reduced their stakes in WGO. GAMMA Investing LLC grew its position in shares of Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Winnebago Industries in the 2nd quarter valued at approximately $45,000. Quarry LP raised its holdings in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after purchasing an additional 848 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Winnebago Industries during the 2nd quarter worth $76,000.

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.