Winnebago Industries’ (WGO) “Buy” Rating Reiterated at Benchmark

Winnebago Industries (NYSE:WGO)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $70.00 price objective on the construction company’s stock. Benchmark’s price objective suggests a potential upside of 46.17% from the company’s current price.

Several other research analysts have also recently commented on WGO. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. BMO Capital Markets decreased their price target 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. 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 report on Monday, November 11th. Truist Financial reduced their price objective on shares of Winnebago Industries from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird dropped 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 report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Winnebago Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.63.

Winnebago Industries Trading Down 0.2 %

WGO opened at $47.89 on Monday. The firm’s 50 day moving average is $57.26 and its 200-day moving average is $57.09. Winnebago Industries has a 52-week low of $47.10 and a 52-week high of $74.61. The company has a quick ratio of 1.36, a current ratio of 2.44 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.38 billion, a P/E ratio of 159.64 and a beta of 1.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $672.23 million. During the same period last year, the firm earned $1.06 EPS. The business’s quarterly revenue was down 18.0% on a year-over-year basis. Analysts expect that Winnebago Industries will post 3.52 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of Winnebago Industries by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,700 shares of the construction company’s stock worth $797,000 after buying an additional 200 shares during the period. Sanctuary Advisors LLC raised its stake in Winnebago Industries by 3.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 7,065 shares of the construction company’s stock valued at $416,000 after acquiring an additional 245 shares in the last quarter. Sound Income Strategies LLC boosted its position in Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock worth $41,000 after acquiring an additional 286 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Winnebago Industries by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,143 shares of the construction company’s stock worth $333,000 after purchasing an additional 294 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock worth $27,000 after purchasing an additional 316 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.