Brokerages Set Winnebago Industries, Inc. (NYSE:WGO) Price Target at $68.13

Shares of Winnebago Industries, Inc. (NYSE:WGO) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $68.13.

A number of brokerages have recently issued reports on WGO. Robert W. Baird lowered their price target on Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Northcoast Research upgraded shares of Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, November 11th. BMO Capital Markets reduced 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 note on Thursday, October 24th. Benchmark lowered their price objective on shares of Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Insider Activity

In related news, CEO Michael J. Happe acquired 2,500 shares of the stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of $55.52 per share, with a total value of $138,800.00. Following the transaction, the chief executive officer now directly owns 285,953 shares in the company, valued at approximately $15,876,110.56. This represents a 0.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William C. Fisher acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were bought at an average price of $54.81 per share, with a total value of $109,620.00. Following the completion of the purchase, the director now owns 32,267 shares in the company, valued at $1,768,554.27. This trade represents a 6.61 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.63% of the company’s stock.

Hedge Funds Weigh In On Winnebago Industries

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in shares of Winnebago Industries by 47.8% during the 2nd quarter. Pacer Advisors Inc. now owns 1,431,764 shares of the construction company’s stock valued at $77,602,000 after purchasing an additional 463,257 shares during the period. 1832 Asset Management L.P. increased its stake in Winnebago Industries by 13.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,142,404 shares of the construction company’s stock worth $61,918,000 after buying an additional 138,327 shares in the last quarter. State Street Corp increased its stake in Winnebago Industries by 0.6% in the 3rd quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock worth $65,711,000 after buying an additional 6,979 shares in the last quarter. American Century Companies Inc. raised its holdings in Winnebago Industries by 8.8% during the second quarter. American Century Companies Inc. now owns 861,575 shares of the construction company’s stock valued at $46,697,000 after acquiring an additional 69,453 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Winnebago Industries by 10.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 574,914 shares of the construction company’s stock worth $33,408,000 after acquiring an additional 54,272 shares during the period.

Winnebago Industries Stock Performance

Shares of Winnebago Industries stock opened at $58.54 on Monday. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 195.14 and a beta of 1.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.44 and a quick ratio of 1.36. Winnebago Industries has a 1 year low of $49.68 and a 1 year high of $75.42. The firm’s 50-day moving average is $58.29 and its 200 day moving average is $57.83.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). The firm had revenue of $720.90 million for the quarter, compared to the consensus estimate of $718.72 million. Winnebago Industries had a net margin of 0.44% and a return on equity of 7.97%. Winnebago Industries’s revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $1.59 EPS. Sell-side analysts anticipate that Winnebago Industries will post 3.52 EPS for the current fiscal year.

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.