BMO Capital Markets Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective lowered by investment analysts at BMO Capital Markets from $70.00 to $60.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ target price points to a potential upside of 72.70% from the stock’s previous close.

Several other research analysts have also recently issued reports on WGO. DA Davidson dropped 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. Truist Financial increased their price objective on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. StockNews.com raised shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Winnebago Industries currently has an average rating of “Moderate Buy” and an average price target of $58.00.

Winnebago Industries Stock Down 7.5 %

Shares of NYSE WGO opened at $34.74 on Friday. Winnebago Industries has a 52-week low of $33.62 and a 52-week high of $74.00. The firm has a market capitalization of $986.60 million, a price-to-earnings ratio of -52.64 and a beta of 1.70. The stock has a 50 day moving average price of $41.45 and a 200 day moving average price of $50.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58.

Winnebago Industries (NYSE:WGO) last issued its earnings results on Thursday, March 27th. The construction company reported $0.19 earnings per share for the quarter, hitting the consensus estimate 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 period in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year. Sell-side analysts expect that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Activity

In other news, Director Jacqueline D. Woods sold 1,503 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new position in Winnebago Industries during the 3rd quarter valued at approximately $7,750,000. Vestcor Inc increased its position in shares of Winnebago Industries by 105.6% in the 3rd quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after acquiring an additional 8,837 shares during the period. JPMorgan Chase & Co. raised its stake in Winnebago Industries by 25.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock worth $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Inspire Investing LLC acquired a new stake in Winnebago Industries during the 4th quarter worth about $399,000. Finally, Dean Investment Associates LLC lifted its position in Winnebago Industries by 108.1% during the 3rd quarter. Dean Investment Associates LLC now owns 50,966 shares of the construction company’s stock worth $2,962,000 after acquiring an additional 26,474 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.