Winnebago Industries (NYSE:WGO) Given New $60.00 Price Target at BMO Capital Markets

Winnebago Industries (NYSE:WGO - Get Free Report) had its price objective reduced by equities research 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 would suggest a potential upside of 73.82% from the company's previous close.

Several other equities analysts also recently issued reports on the company. StockNews.com upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, March 25th. Benchmark reissued a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a report on Monday, December 23rd. Truist Financial upped their target price on shares of Winnebago Industries from $56.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. KeyCorp lowered their price target on shares of Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Citigroup decreased their price objective on Winnebago Industries from $51.00 to $43.00 and set a "buy" rating on the stock in a research report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $58.00.

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Winnebago Industries Price Performance

Shares of WGO stock traded down $0.23 during trading hours on Friday, hitting $34.52. The company had a trading volume of 882,551 shares, compared to its average volume of 675,656. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. 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 12 month low of $33.58 and a 12 month high of $74.00. The firm's fifty day moving average is $41.45 and its 200 day moving average is $50.57.

Winnebago Industries (NYSE:WGO - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The construction company reported $0.19 earnings per share (EPS) 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 firm had revenue of $620.20 million during the quarter, compared to analyst estimates of $621.41 million. During the same period in the prior year, the company posted $0.93 earnings per share. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.

Insider Buying and Selling at Winnebago Industries

In other news, Director Jacqueline D. Woods sold 1,503 shares of the company's stock in a transaction that occurred on 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 sale, the director now owns 10,985 shares of the company's stock, valued at approximately $486,855.20. This represents a 12.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.63% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Intech Investment Management LLC lifted its stake in shares of Winnebago Industries by 123.5% in the third quarter. Intech Investment Management LLC now owns 13,960 shares of the construction company's stock worth $811,000 after acquiring an additional 7,715 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Winnebago Industries by 10.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company's stock worth $33,408,000 after buying an additional 54,272 shares during the period. FMR LLC lifted its holdings in Winnebago Industries by 76.0% in the third quarter. FMR LLC now owns 3,623 shares of the construction company's stock valued at $211,000 after buying an additional 1,565 shares during the period. BNP Paribas Financial Markets grew its holdings in Winnebago Industries by 23.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,844 shares of the construction company's stock worth $921,000 after acquiring an additional 3,030 shares during the period. Finally, FORA Capital LLC bought a new position in shares of Winnebago Industries in the 3rd quarter worth about $217,000.

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.