Winnebago Industries (NYSE:WGO) Price Target Lowered to $50.00 at Truist Financial

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target lowered by stock analysts at Truist Financial from $58.00 to $50.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Truist Financial's price target suggests a potential upside of 44.85% from the company's current price.

Several other research firms also recently issued reports on WGO. StockNews.com raised shares of Winnebago Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. DA Davidson reduced their price target on Winnebago Industries from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, December 24th. Benchmark restated a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. KeyCorp decreased 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 report on Thursday, March 20th. Finally, Citigroup decreased their price objective 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.

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Winnebago Industries Trading Down 0.7 %

Shares of Winnebago Industries stock traded down $0.23 during trading hours on Friday, reaching $34.52. The stock had a trading volume of 882,551 shares, compared to its average volume of 675,656. The firm has a 50 day simple moving average of $41.45 and a two-hundred day simple moving average of $50.57. The firm has a market capitalization of $980.21 million, a price-to-earnings ratio of -52.30 and a beta of 1.70. Winnebago Industries has a 1 year low of $33.58 and a 1 year high of $74.00. 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 (NYSE:WGO - Get Free Report) 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. The company had revenue of $620.20 million during the quarter, compared to the consensus estimate of $621.41 million. Winnebago Industries had a positive return on equity of 5.32% and a negative net margin of 0.63%. The company's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. As a group, equities research analysts anticipate that Winnebago Industries will post 3.41 earnings per share for the current year.

Insider Activity

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 shares were 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 of the company's stock, valued at $486,855.20. The trade was a 12.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.63% of the company's stock.

Institutional Trading of Winnebago Industries

Several hedge funds have recently added to or reduced their stakes in WGO. First Trust Advisors LP boosted its holdings in shares of Winnebago Industries by 40.6% in 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 acquiring an additional 474,273 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Winnebago Industries by 1,930.2% during the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company's stock worth $15,369,000 after acquiring an additional 305,818 shares during the period. Barclays PLC raised its position 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 acquiring an additional 245,131 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Winnebago Industries by 25.4% in 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 stake in shares of Winnebago Industries by 1,242.6% in the 3rd 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 last quarter.

Winnebago Industries Company Profile

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.