Winnebago Industries (NYSE:WGO – Get Free Report) had its price target cut by investment analysts at BMO Capital Markets from $50.00 to $42.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. BMO Capital Markets’ price objective points to a potential upside of 43.55% from the stock’s previous close.
Other analysts have also issued research reports about the company. DA Davidson upgraded Winnebago Industries to a “hold” rating in a report on Monday, April 14th. Robert W. Baird decreased their price target on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday. KeyCorp decreased their price target on Winnebago Industries from $37.00 to $34.00 and set an “overweight” rating on the stock in a report on Thursday. Truist Financial decreased their price target on Winnebago Industries from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wall Street Zen lowered Winnebago Industries from a “hold” rating to a “sell” rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.33.
Read Our Latest Research Report on Winnebago Industries
Winnebago Industries Stock Up 2.2%
Winnebago Industries (NYSE:WGO – Get Free Report) last released its quarterly earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. Winnebago Industries had a positive return on equity of 2.86% and a negative net margin of 0.62%. The company had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. During the same quarter in the prior year, the firm posted $1.13 EPS. Winnebago Industries’s quarterly revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that Winnebago Industries will post 3.41 EPS for the current fiscal year.
Insiders Place Their Bets
In other Winnebago Industries news, Director Kevin E. Bryant bought 4,200 shares of Winnebago Industries stock in a transaction on Monday, March 31st. The shares were acquired at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the purchase, the director now directly owns 13,755 shares in the company, valued at approximately $469,320.60. This trade represents a 43.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.63% of the company’s stock.
Institutional Trading of Winnebago Industries
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Winnebago Industries during the first quarter valued at $1,054,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Winnebago Industries during the fourth quarter valued at $1,433,000. Proficio Capital Partners LLC purchased a new position in shares of Winnebago Industries during the fourth quarter valued at $632,000. GAMMA Investing LLC increased its stake in shares of Winnebago Industries by 9,187.9% during the first quarter. GAMMA Investing LLC now owns 23,777 shares of the construction company’s stock valued at $819,000 after buying an additional 23,521 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in shares of Winnebago Industries by 26.3% during the first quarter. Exchange Traded Concepts LLC now owns 7,216 shares of the construction company’s stock valued at $249,000 after buying an additional 1,503 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.
Featured Stories
- Five stocks we like better than Winnebago Industries
- Special Purpose Acquisition Company (SPAC) What You Need to Know
- EA Just Caught a Monster Upgrade: Bullish Breakout Ahead?
- How to start investing in penny stocks
- 3 Stocks Hitting All-Time Highs With More Room to Run
- Investing in Commodities: What Are They? How to Invest in Them
- QuantumScape Soars 30%: What Drove the Next-Gen EV Stock’s Rally
Receive News & Ratings for Winnebago Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winnebago Industries and related companies with MarketBeat.com's FREE daily email newsletter.