Winnebago Industries (NYSE:WGO) Rating Increased to Hold at StockNews.com

Winnebago Industries (NYSE:WGO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other brokerages have also recently weighed in on WGO. Roth Mkm dropped their price target on Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. Robert W. Baird cut their target price on shares of Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Truist Financial upped their price target on shares of Winnebago Industries from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, September 20th. BMO Capital Markets dropped their price objective on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, June 21st. Finally, Benchmark assumed coverage on Winnebago Industries in a research note on Thursday, July 18th. They issued a “buy” rating and a $75.00 target price on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Winnebago Industries Stock Performance

WGO opened at $58.21 on Friday. The stock’s 50 day simple moving average is $58.01 and its 200 day simple moving average is $60.16. The stock has a market cap of $1.69 billion, a P/E ratio of 22.47 and a beta of 1.62. 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 0.48, a current ratio of 2.45 and a quick ratio of 1.35.

Insider Transactions at Winnebago Industries

In related news, SVP Stacy L. Bogart sold 3,333 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $57.98, for a total transaction of $193,247.34. Following the completion of the sale, the senior vice president now owns 41,315 shares of the company’s stock, valued at approximately $2,395,443.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.75% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of Winnebago Industries during the second quarter valued at about $45,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the 1st quarter valued at approximately $75,000. nVerses Capital LLC purchased a new stake in Winnebago Industries during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Winnebago Industries in the 2nd quarter valued at approximately $110,000. Finally, TFO Wealth Partners LLC raised its position in shares of Winnebago Industries by 33,433.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares in the last quarter.

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.