Northcoast Research Upgrades Winnebago Industries (NYSE:WGO) to "Buy"

Winnebago Industries (NYSE:WGO - Get Free Report) was upgraded by stock analysts at Northcoast Research from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage currently has a $75.00 price target on the construction company's stock. Northcoast Research's price objective would indicate a potential upside of 15.92% from the company's previous close.

Several other research analysts have also commented on WGO. StockNews.com lowered Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. Robert W. Baird lowered their target price on shares of Winnebago Industries from $70.00 to $64.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Benchmark reduced their price target on shares of Winnebago Industries from $75.00 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, October 22nd. BMO Capital Markets lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Truist Financial dropped their price target on Winnebago Industries from $68.00 to $64.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Winnebago Industries has a consensus rating of "Moderate Buy" and an average price target of $68.13.

Winnebago Industries Stock Up 5.9 %

WGO traded up $3.60 during trading on Monday, hitting $64.70. The company had a trading volume of 429,643 shares, compared to its average volume of 582,845. Winnebago Industries has a 1-year low of $49.68 and a 1-year high of $75.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. The company has a market cap of $1.87 billion, a PE ratio of 203.67 and a beta of 1.60. The business has a 50-day moving average of $57.55 and a 200-day moving average of $58.11.

Winnebago Industries (NYSE:WGO - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.61). The company had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. As a group, analysts forecast that Winnebago Industries will post 3.67 earnings per share for the current year.

Insider Activity at Winnebago Industries

In other Winnebago Industries news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now directly owns 23,728 shares in the company, valued at $1,343,953.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Bret A. Woodson sold 12,187 shares of Winnebago Industries stock in a transaction on Friday, November 1st. The shares were sold at an average price of $56.64, for a total value of $690,271.68. Following the completion of the sale, the senior vice president now owns 23,728 shares of the company's stock, valued at approximately $1,343,953.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William C. Fisher acquired 2,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was acquired at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the acquisition, the director now directly owns 32,267 shares of the company's stock, valued at $1,768,554.27. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WGO. GAMMA Investing LLC grew its holdings in Winnebago Industries by 222.5% during the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after purchasing an additional 316 shares during the last quarter. Sound Income Strategies LLC grew its stake in Winnebago Industries by 69.1% in the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company's stock valued at $41,000 after buying an additional 286 shares during the last quarter. Innealta Capital LLC acquired a new position in Winnebago Industries in the 2nd quarter valued at $45,000. EntryPoint Capital LLC acquired a new position in Winnebago Industries during the 1st quarter worth $75,000. Finally, nVerses Capital LLC acquired a new stake in shares of Winnebago Industries in the second quarter valued at about $76,000.

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.