Winnebago Industries (NYSE:WGO) Rating Increased to Overweight at KeyCorp

Winnebago Industries (NYSE:WGO) was upgraded by research analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a report released on Wednesday, Marketbeat Ratings reports. The firm presently has a $58.00 price target on the construction company’s stock. KeyCorp’s price target would indicate a potential upside of 19.42% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Northcoast Research raised shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, November 11th. 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 research report on Tuesday, December 24th. Truist Financial lowered their price objective on Winnebago Industries from $64.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. BMO Capital Markets cut their price objective on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.78.

Winnebago Industries Stock Performance

Shares of WGO stock opened at $48.57 on Wednesday. Winnebago Industries has a fifty-two week low of $45.44 and a fifty-two week high of $74.10. The stock’s 50-day moving average is $55.16 and its two-hundred day moving average is $56.37. 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 firm has a market cap of $1.38 billion, a P/E ratio of 161.91 and a beta of 1.62.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings data on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.23). The firm had revenue of $625.60 million during the quarter, compared to analyst estimates of $672.23 million. Winnebago Industries had a return on equity of 7.97% and a net margin of 0.44%. The company’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS. Analysts predict that Winnebago Industries will post 3.52 earnings per share for the current fiscal year.

Insider Transactions at Winnebago Industries

In other news, Director William C. Fisher purchased 2,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $1,768,554.27. The trade was a 6.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bret A. Woodson sold 12,187 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 $1,343,953.92. This represents a 33.93 % decrease in their position. The disclosure for this sale can be found here. 4.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Winnebago Industries

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Winnebago Industries by 222.5% in the 3rd quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC increased its stake in Winnebago Industries by 69.1% in the third 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 position in Winnebago Industries by 4,038.1% in the third quarter. Quarry LP now owns 869 shares of the construction company’s stock worth $50,000 after purchasing an additional 848 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Winnebago Industries by 196.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,492 shares of the construction company’s stock worth $86,000 after purchasing an additional 989 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Winnebago Industries during the second quarter valued at approximately $110,000.

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.