Winnebago Industries (NYSE:WGO) Price Target Cut to $70.00

Winnebago Industries (NYSE:WGO) had its price target lowered by equities researchers at Benchmark from $75.00 to $70.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Benchmark’s price target would suggest a potential upside of 20.46% from the company’s current price.

WGO has been the subject of a number of other research reports. StockNews.com lowered Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday. Citigroup boosted their target price on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Truist Financial upped their price target on Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Winnebago Industries has a consensus rating of “Moderate Buy” and a consensus price target of $69.29.

Winnebago Industries Trading Down 3.8 %

NYSE:WGO opened at $58.11 on Tuesday. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The firm has a market capitalization of $1.68 billion, a P/E ratio of 22.44 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The business has a 50 day simple moving average of $57.93 and a 200 day simple moving average of $58.99.

Insider Buying and Selling at Winnebago Industries

In other Winnebago Industries news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $57.98, for a total value of $193,247.34. Following the transaction, the senior vice president now directly owns 41,315 shares in the company, valued at approximately $2,395,443.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.75% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of Winnebago Industries by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after purchasing an additional 200 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Winnebago Industries by 5.0% in the 1st quarter. ProShare Advisors LLC now owns 5,744 shares of the construction company’s stock worth $425,000 after purchasing an additional 274 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after purchasing an additional 286 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Winnebago Industries by 5.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after purchasing an additional 294 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 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.