Winnebago Industries (NYSE:WGO) Raised to “Overweight” at KeyCorp

Winnebago Industries (NYSE:WGO) was upgraded by investment analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $58.00 target price on the construction company’s stock. KeyCorp’s target price suggests a potential upside of 19.42% from the stock’s current price.

WGO has been the topic of several other research reports. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research note on Monday, December 23rd. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, November 11th. Truist Financial decreased their target price on shares of Winnebago Industries from $64.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Finally, DA Davidson decreased their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.78.

Winnebago Industries Stock Up 2.1 %

Winnebago Industries stock opened at $48.57 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.36 and a current ratio of 2.44. Winnebago Industries has a one year low of $45.44 and a one year high of $74.10. The company has a 50-day simple moving average of $55.16 and a 200-day simple moving average of $56.37. The firm has a market capitalization of $1.38 billion, a P/E ratio of 161.91 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.23). The firm had revenue of $625.60 million during the quarter, compared to the consensus estimate of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. Winnebago Industries’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the company posted $1.06 EPS. As a group, equities analysts expect that Winnebago Industries will post 3.52 earnings per share for the current year.

Insider Transactions at Winnebago Industries

In other news, Director William C. Fisher bought 2,000 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were acquired 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 in the company, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Happe purchased 2,500 shares of Winnebago Industries stock in a transaction that occurred on Tuesday, October 29th. The stock was purchased at an average price of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now owns 285,953 shares in the company, valued at $15,876,110.56. This represents a 0.88 % increase in their position. The disclosure for this purchase can be found here. 4.63% of the stock is owned by insiders.

Institutional Trading of Winnebago Industries

Several hedge funds and other institutional investors have recently modified their holdings of WGO. Pacer Advisors Inc. raised its position in Winnebago Industries by 47.8% during the second quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after buying an additional 463,257 shares during the period. Millennium Management LLC increased its holdings in shares of Winnebago Industries by 1,772.8% in the 2nd quarter. Millennium Management LLC now owns 210,504 shares of the construction company’s stock valued at $11,409,000 after purchasing an additional 199,264 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Winnebago Industries in the second quarter worth approximately $9,708,000. JPMorgan Chase & Co. boosted its holdings in shares of Winnebago Industries by 25.4% during the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after purchasing an additional 173,274 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Winnebago Industries by 1,242.6% during the third quarter. Janus Henderson Group PLC now owns 181,579 shares of the construction company’s stock worth $10,552,000 after purchasing an additional 168,055 shares during the period.

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.