Winnebago Industries (NYSE:WGO) Rating Lowered to Sell at StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also recently weighed in on WGO. Benchmark reduced their price target on Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday. BMO Capital Markets reduced 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 report on Friday, March 28th. Truist Financial lowered their price target on shares of Winnebago Industries from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, March 28th. DA Davidson cut their price objective 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. Finally, Citigroup lowered their target price on shares of Winnebago Industries from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $56.89.

Winnebago Industries Trading Down 0.1 %

NYSE:WGO opened at $34.41 on Wednesday. The company has a 50-day moving average price of $40.90 and a 200-day moving average price of $50.27. The stock has a market cap of $964.37 million, a price-to-earnings ratio of -52.14 and a beta of 1.70. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 12 month low of $33.59 and a 12 month high of $72.47.

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

Insider Activity at Winnebago Industries

In other Winnebago Industries 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 value of $66,612.96. Following the completion of the transaction, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.63% of the stock is currently owned by insiders.

Institutional Trading of Winnebago Industries

Institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Winnebago Industries during the fourth quarter valued at approximately $3,175,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Winnebago Industries by 18.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,693 shares of the construction company’s stock worth $4,047,000 after buying an additional 13,365 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in shares of Winnebago Industries in the 4th quarter worth $1,652,000. Vident Advisory LLC grew its holdings in shares of Winnebago Industries by 13.4% in the fourth quarter. Vident Advisory LLC now owns 12,021 shares of the construction company’s stock worth $574,000 after acquiring an additional 1,422 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in Winnebago Industries during the fourth quarter valued at $3,579,000.

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.