Benchmark Lowers Winnebago Industries (NYSE:WGO) Price Target to $60.00

Winnebago Industries (NYSE:WGO - Get Free Report) had its price target cut by stock analysts at Benchmark from $70.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Benchmark's target price would suggest a potential upside of 82.65% from the company's previous close.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded Winnebago Industries from a "sell" rating to a "hold" rating in a report on Tuesday, March 25th. KeyCorp reduced their price objective on Winnebago Industries from $58.00 to $47.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Truist Financial decreased their target price on Winnebago Industries from $58.00 to $50.00 and set a "buy" rating for the company in a report on Friday, March 28th. DA Davidson cut their price target 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, BMO Capital Markets decreased their price objective on shares of Winnebago Industries from $70.00 to $60.00 and set an "outperform" rating for the company in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Winnebago Industries presently has an average rating of "Moderate Buy" and an average price target of $56.89.

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Winnebago Industries Trading Down 8.3 %

Shares of WGO stock traded down $2.99 during trading hours on Tuesday, hitting $32.85. 1,416,230 shares of the company were exchanged, compared to its average volume of 682,701. The firm has a fifty day moving average of $40.67 and a 200 day moving average of $50.17. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 1 year low of $32.78 and a 1 year high of $72.15. The firm has a market cap of $920.62 million, a PE ratio of -49.77 and a beta of 1.70.

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

Insider Activity

In related 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 transaction, the director now owns 10,985 shares in the company, valued at approximately $486,855.20. The trade was a 12.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin E. Bryant purchased 4,200 shares of Winnebago Industries stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average cost of $34.12 per share, with a total value of $143,304.00. Following the acquisition, the director now directly owns 13,755 shares of the company's stock, valued at $469,320.60. The trade was a 43.96 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company's stock.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently bought and sold shares of WGO. Smartleaf Asset Management LLC grew its position in shares of Winnebago Industries by 270.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company's stock worth $25,000 after buying an additional 390 shares in the last quarter. Versant Capital Management Inc boosted its stake in Winnebago Industries by 304.9% during the 1st quarter. Versant Capital Management Inc now owns 826 shares of the construction company's stock valued at $28,000 after acquiring an additional 622 shares during the last quarter. R Squared Ltd acquired a new position in Winnebago Industries during the 4th quarter worth $43,000. Sterling Capital Management LLC increased its position in shares of Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company's stock worth $43,000 after purchasing an additional 807 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Winnebago Industries by 4,038.1% in the 3rd quarter. Quarry LP now owns 869 shares of the construction company's stock valued at $50,000 after purchasing an additional 848 shares in 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.