Citigroup Lowers Winnebago Industries (NYSE:WGO) Price Target to $43.00

Winnebago Industries (NYSE:WGO) had its target price cut by equities research analysts at Citigroup from $51.00 to $43.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s target price indicates a potential upside of 22.54% from the company’s current price.

Other analysts have also issued reports about the stock. Truist Financial increased their price target on shares of Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, February 10th. DA Davidson decreased their price objective on shares of Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, December 24th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Monday. Benchmark reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research report on Monday, December 23rd. Finally, KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research report on Wednesday, January 8th. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $61.22.

Winnebago Industries Stock Up 1.0 %

Winnebago Industries stock traded up $0.36 during midday trading on Wednesday, hitting $35.09. 125,315 shares of the company’s stock were exchanged, compared to its average volume of 762,447. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.34 and a current ratio of 2.58. Winnebago Industries has a 12 month low of $34.12 and a 12 month high of $74.10. The firm has a 50-day moving average of $43.47 and a two-hundred day moving average of $51.81. The company has a market cap of $996.45 million, a PE ratio of -53.17 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last issued its 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 positive return on equity of 5.32% and a negative net margin of 0.63%. The business had revenue of $625.60 million for the quarter, compared to the consensus estimate of $672.23 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The firm’s revenue was down 18.0% on a year-over-year basis. As a group, analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at Winnebago Industries

In related news, Director Jacqueline D. Woods sold 1,503 shares of Winnebago Industries stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $44.32, for a total value of $66,612.96. Following the sale, the director now owns 10,985 shares of the company’s stock, valued at approximately $486,855.20. This trade represents a 12.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.63% of the company’s stock.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake in Winnebago Industries by 270.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 534 shares of the construction company’s stock valued at $25,000 after acquiring an additional 390 shares during the period. R Squared Ltd acquired a new stake in Winnebago Industries in the 4th quarter valued at $43,000. Sterling Capital Management LLC grew its stake in Winnebago Industries by 823.5% in the 4th quarter. Sterling Capital Management LLC now owns 905 shares of the construction company’s stock valued at $43,000 after acquiring an additional 807 shares during the period. Quarry LP grew 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. Finally, KBC Group NV grew its stake in Winnebago Industries by 64.5% in the 4th quarter. KBC Group NV now owns 1,497 shares of the construction company’s stock valued at $72,000 after acquiring an additional 587 shares during the period.

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.