Winnebago Industries (NYSE:WGO) Downgraded by StockNews.com to “Sell”

Winnebago Industries (NYSE:WGO) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other analysts have also issued reports about the stock. Citigroup upped their price target on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. BMO Capital Markets dropped their price target on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark dropped their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Truist Financial dropped 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 report on Thursday, October 24th. Finally, Robert W. Baird dropped their price target 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.14.

Winnebago Industries Stock Performance

Shares of WGO opened at $55.68 on Tuesday. Winnebago Industries has a 12 month low of $49.68 and a 12 month high of $75.42. The firm has a fifty day simple moving average of $57.67 and a 200 day simple moving average of $58.41. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 185.61 and a beta of 1.61. 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 (NYSE:WGO) last announced its earnings results on Wednesday, October 23rd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The business had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. During the same quarter in the previous year, the company posted $1.59 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts forecast that Winnebago Industries will post 3.72 EPS for the current fiscal year.

Insider Activity

In related news, Director William C. Fisher acquired 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were bought at an average cost of $54.81 per share, with a total value of $109,620.00. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

A number of hedge funds have recently bought and sold shares of WGO. GAMMA Investing LLC increased its position in 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 acquiring an additional 316 shares during the period. Sound Income Strategies LLC increased its position in Winnebago Industries by 69.1% during the third quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Innealta Capital LLC bought a new position in Winnebago Industries during the second quarter worth about $45,000. EntryPoint Capital LLC bought a new position in Winnebago Industries during the first quarter worth about $75,000. Finally, nVerses Capital LLC bought a new position in Winnebago Industries during the second quarter worth about $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.