Winnebago Industries (NYSE:WGO) Stock Rating Lowered by StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

WGO has been the topic of several other research reports. DA Davidson lowered their target price on Winnebago Industries from $55.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 24th. Truist Financial lifted their target price on Winnebago Industries from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Benchmark reissued a “buy” rating and issued a $70.00 price target on shares of Winnebago Industries in a research note on Monday, December 23rd. Finally, KeyCorp upgraded Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Winnebago Industries presently has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Winnebago Industries Price Performance

NYSE WGO opened at $34.63 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.51. Winnebago Industries has a 1 year low of $34.12 and a 1 year high of $74.10. The stock’s 50-day moving average price is $43.47 and its two-hundred day moving average price is $51.81. The company has a market cap of $983.25 million, a PE ratio of -52.46 and a beta of 1.70.

Winnebago Industries (NYSE:WGO) last released its earnings results on Friday, December 20th. The construction company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Winnebago Industries had a negative net margin of 0.63% and a positive return on equity of 5.32%. The business had revenue of $625.60 million for the quarter, compared to analysts’ expectations of $672.23 million. During the same period last year, the firm earned $1.06 EPS. The company’s revenue was down 18.0% compared to the same quarter last year. On average, analysts predict that Winnebago Industries will post 3.41 EPS for the current year.

Insider Buying and Selling

In other Winnebago Industries news, Director Jacqueline D. Woods sold 1,503 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $44.32, for a total transaction of $66,612.96. Following the transaction, the director now owns 10,985 shares in the company, valued at $486,855.20. This trade represents a 12.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winnebago Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Winnebago Industries by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock valued at $104,250,000 after purchasing an additional 48,517 shares during the last quarter. First Trust Advisors LP grew its holdings in Winnebago Industries by 40.6% during the fourth quarter. First Trust Advisors LP now owns 1,643,786 shares of the construction company’s stock valued at $78,540,000 after purchasing an additional 474,273 shares during the last quarter. State Street Corp boosted its position in shares of Winnebago Industries by 0.6% in the third quarter. State Street Corp now owns 1,130,796 shares of the construction company’s stock valued at $65,711,000 after acquiring an additional 6,979 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Winnebago Industries by 25.4% in the third quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after acquiring an additional 173,274 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Winnebago Industries by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 625,548 shares of the construction company’s stock valued at $29,889,000 after acquiring an additional 50,634 shares during the period.

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.