Winnebago Industries (NYSE:WGO) Upgraded to Hold at StockNews.com

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

Several other analysts have also commented on the company. DA Davidson dropped their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday, December 24th. Benchmark restated a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp dropped their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Truist Financial raised their price target on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Citigroup dropped their price objective 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Winnebago Industries Stock Down 1.8 %

Shares of NYSE:WGO traded down $0.62 during trading hours on Tuesday, hitting $34.36. The company’s stock had a trading volume of 938,416 shares, compared to its average volume of 639,432. The company has a market capitalization of $975.72 million, a price-to-earnings ratio of -52.06 and a beta of 1.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.58 and a quick ratio of 1.34. Winnebago Industries has a 52 week low of $33.62 and a 52 week high of $74.10. The firm’s fifty day moving average price is $42.20 and its 200 day moving average price is $50.98.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. Winnebago Industries’s revenue was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 EPS. As a group, research analysts expect that Winnebago Industries will post 3.41 EPS for the current year.

Insider Buying and Selling at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.63% of the stock is currently owned by insiders.

Institutional Trading of Winnebago Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in shares of Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Winnebago Industries by 1,930.2% in the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after acquiring an additional 305,818 shares during the last quarter. Barclays PLC boosted its holdings in Winnebago Industries by 494.5% in the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock worth $14,081,000 after purchasing an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after acquiring an additional 173,274 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in 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 valued at $10,552,000 after purchasing an additional 168,055 shares during 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.