Winnebago Industries (NYSE:WGO) Rating Lowered to “Neutral” at Robert W. Baird

Winnebago Industries (NYSE:WGO) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Friday, Marketbeat.com reports. They presently have a $38.00 target price on the construction company’s stock, down from their prior target price of $50.00. Robert W. Baird’s target price indicates a potential upside of 15.74% from the company’s current price.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their price target on Winnebago Industries from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 28th. DA Davidson decreased their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. Citigroup cut their price target on Winnebago Industries from $51.00 to $43.00 and set a “buy” rating on the stock in a report on Wednesday, March 19th. KeyCorp cut their price target on Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Finally, Truist Financial lowered their target price on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

Winnebago Industries Price Performance

Winnebago Industries stock opened at $32.83 on Friday. Winnebago Industries has a 52 week low of $30.61 and a 52 week high of $71.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. The stock has a fifty day moving average of $40.08 and a 200-day moving average of $49.82. The stock has a market capitalization of $920.09 million, a P/E ratio of -49.74 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last issued its 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 positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $620.20 million during the quarter, compared to analysts’ expectations of $621.41 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, sell-side analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, Director Kevin E. Bryant purchased 4,200 shares of the business’s stock in a transaction on Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the transaction, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This represents a 43.96 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jacqueline D. Woods sold 1,503 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Company insiders own 4.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after buying an additional 390 shares during the period. Versant Capital Management Inc grew its holdings in Winnebago Industries by 304.9% in the first quarter. Versant Capital Management Inc now owns 826 shares of the construction company’s stock worth $28,000 after purchasing an additional 622 shares during the period. R Squared Ltd bought a new position in shares of Winnebago Industries during the fourth quarter valued at approximately $43,000. Sterling Capital Management LLC lifted its holdings in shares of Winnebago Industries by 823.5% during the fourth quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after purchasing an additional 807 shares during the last quarter. Finally, Quarry LP boosted its position 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 worth $50,000 after purchasing an additional 848 shares in the last quarter.

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.