Winnebago Industries (NYSE:WGO) Cut to “Hold” at Wall Street Zen

Winnebago Industries (NYSE:WGO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Several other research analysts have also recently commented on WGO. Weiss Ratings cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Citigroup reduced their target price on shares of Winnebago Industries from $54.00 to $46.00 and set a “buy” rating for the company in a report on Friday, March 27th. Truist Financial reduced their target price on shares of Winnebago Industries from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Robert W. Baird reduced their target price on shares of Winnebago Industries from $48.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, March 26th. Finally, BMO Capital Markets dropped their price target on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.30.

Winnebago Industries Stock Performance

Shares of WGO opened at $29.91 on Friday. Winnebago Industries has a 12 month low of $27.64 and a 12 month high of $50.16. The firm has a fifty day simple moving average of $31.86 and a 200 day simple moving average of $37.98. The stock has a market capitalization of $845.50 million, a price-to-earnings ratio of 20.35 and a beta of 1.17. The company has a current ratio of 2.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Winnebago Industries had a net margin of 1.43% and a return on equity of 4.99%. The business had revenue of $657.40 million during the quarter, compared to analysts’ expectations of $628.00 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Research analysts forecast that Winnebago Industries will post 2.34 EPS for the current fiscal year.

Institutional Trading of Winnebago Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in WGO. UBS Group AG raised its position in Winnebago Industries by 224.7% during the fourth quarter. UBS Group AG now owns 1,354,155 shares of the RV manufacturer’s stock worth $54,870,000 after acquiring an additional 937,140 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Winnebago Industries during the fourth quarter worth $37,642,000. Deprince Race & Zollo Inc. raised its position in Winnebago Industries by 300.6% during the first quarter. Deprince Race & Zollo Inc. now owns 573,448 shares of the RV manufacturer’s stock worth $17,771,000 after acquiring an additional 430,300 shares in the last quarter. Maple Rock Capital Partners Inc. raised its position in Winnebago Industries by 111.2% during the third quarter. Maple Rock Capital Partners Inc. now owns 680,199 shares of the RV manufacturer’s stock worth $22,746,000 after acquiring an additional 358,100 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Winnebago Industries during the third quarter worth $9,785,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.