Truist Financial Trims Winnebago Industries (NYSE:WGO) Target Price to $64.00

Winnebago Industries (NYSE:WGO) had its price target dropped by stock analysts at Truist Financial from $68.00 to $64.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s price objective would suggest a potential upside of 19.58% from the stock’s current price.

Other analysts also recently issued research reports about the company. BMO Capital Markets dropped their price target on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com downgraded Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Citigroup boosted their price target on Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Robert W. Baird reduced their price objective on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Benchmark reduced their price objective on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.14.

Winnebago Industries Trading Up 2.5 %

Shares of WGO opened at $53.52 on Thursday. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $57.72 and a 200-day simple moving average of $58.61. The stock has a market cap of $1.55 billion, a PE ratio of 20.66 and a beta of 1.61.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.61). The business had revenue of $720.90 million for the quarter, compared to analyst estimates of $718.72 million. Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 earnings per share. On average, sell-side analysts predict that Winnebago Industries will post 4.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WGO. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 316 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of 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 last quarter. Innealta Capital LLC purchased a new position in Winnebago Industries in the 2nd quarter worth $45,000. EntryPoint Capital LLC purchased a new position in Winnebago Industries in the 1st quarter worth $75,000. Finally, nVerses Capital LLC purchased a new position 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.