Truist Financial Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price target decreased by analysts at Truist Financial from $58.00 to $50.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 43.91% from the company’s current price.

Other analysts have also issued research reports about the company. KeyCorp cut their price objective on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Benchmark restated a “buy” rating and set a $70.00 price target on shares of Winnebago Industries in a report on Monday, December 23rd. Citigroup decreased their price objective on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 19th. BMO Capital Markets cut their target price 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 reduced their target price on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.00.

Winnebago Industries Trading Down 7.5 %

Shares of NYSE WGO opened at $34.74 on Friday. The stock has a fifty day simple moving average of $41.45 and a 200-day simple moving average of $50.60. Winnebago Industries has a twelve month low of $33.62 and a twelve month high of $74.00. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $986.60 million, a PE ratio of -52.64 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The company had revenue of $620.20 million for the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Activity

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction that occurred on 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 owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in Winnebago Industries by 270.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after purchasing an additional 390 shares during the period. R Squared Ltd purchased a new position in shares of Winnebago Industries during the fourth quarter worth about $43,000. Sterling Capital Management LLC increased its position in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after acquiring an additional 807 shares during the period. Quarry LP raised its stake in Winnebago Industries by 4,038.1% during the 3rd quarter. Quarry LP now owns 869 shares of the construction company’s stock valued at $50,000 after acquiring an additional 848 shares during the last quarter. Finally, KBC Group NV lifted its position in Winnebago Industries by 64.5% during the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock worth $72,000 after acquiring an additional 587 shares during the period.

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.