Winnebago Industries (NYSE:WGO) Upgraded to Overweight at KeyCorp

Winnebago Industries (NYSE:WGO - Get Free Report) was upgraded by research analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage presently has a $58.00 price target on the construction company's stock. KeyCorp's target price points to a potential upside of 19.42% from the company's previous close.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets lowered their price target on Winnebago Industries from $75.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Truist Financial lowered their target price on Winnebago Industries from $64.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday. Northcoast Research raised shares of Winnebago Industries from a "neutral" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Monday, November 11th. Benchmark reissued a "buy" rating and set a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, StockNews.com cut shares of Winnebago Industries from a "hold" rating to a "sell" rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $64.78.

Winnebago Industries Trading Up 2.1 %

Winnebago Industries stock traded up $1.02 during midday trading on Wednesday, hitting $48.57. 848,793 shares of the stock were exchanged, compared to its average volume of 871,399. The stock has a market capitalization of $1.38 billion, a PE ratio of 161.91 and a beta of 1.62. The company has a fifty day simple moving average of $55.49 and a two-hundred day simple moving average of $56.48. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. Winnebago Industries has a 52 week low of $45.44 and a 52 week high of $74.10.

Winnebago Industries (NYSE:WGO - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.23). Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The firm had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same period in the prior year, the business earned $1.06 earnings per share. The company's revenue for the quarter was down 18.0% compared to the same quarter last year. Equities research analysts anticipate that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Insider Activity at Winnebago Industries

In other news, Director William C. Fisher purchased 2,000 shares of the business's stock in a transaction on Monday, October 28th. The stock was purchased at an average price of $54.81 per share, for a total transaction of $109,620.00. Following the completion of the purchase, the director now directly owns 32,267 shares in the company, valued at $1,768,554.27. The trade was a 6.61 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bret A. Woodson sold 12,187 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $56.64, for a total transaction of $690,271.68. Following the transaction, the senior vice president now owns 23,728 shares in the company, valued at $1,343,953.92. This represents a 33.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. GAMMA Investing LLC raised its stake in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company's stock valued at $27,000 after buying an additional 316 shares during the period. Sound Income Strategies LLC raised 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 acquiring an additional 286 shares during the period. Quarry LP raised its stake in 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 acquiring an additional 848 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Winnebago Industries by 196.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company's stock valued at $86,000 after purchasing an additional 989 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Winnebago Industries during the second quarter worth $110,000.

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.