Benchmark Issues Pessimistic Forecast for Winnebago Industries (NYSE:WGO) Stock Price

Winnebago Industries (NYSE:WGO) had its price objective reduced by equities research analysts at Benchmark from $60.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Benchmark’s price objective would suggest a potential upside of 36.99% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen upgraded shares of Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Sunday. BMO Capital Markets lowered their target price on Winnebago Industries from $50.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, June 26th. Robert W. Baird dropped their target price on Winnebago Industries from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, June 26th. Truist Financial lowered their price objective on shares of Winnebago Industries from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. Finally, Citigroup lowered their target price on shares of Winnebago Industries from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.33.

Winnebago Industries Stock Up 5.7%

Shares of NYSE WGO opened at $30.66 on Monday. The stock has a market cap of $859.40 million, a PE ratio of -51.97 and a beta of 1.02. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $65.65. The business has a 50-day moving average price of $33.03 and a 200 day moving average price of $38.53. The company has a quick ratio of 0.89, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Winnebago Industries (NYSE:WGO) last announced its earnings results on Wednesday, June 25th. The construction company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $775.10 million for the quarter, compared to analyst estimates of $808.15 million. Winnebago Industries had a negative net margin of 0.62% and a positive return on equity of 2.86%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $1.13 earnings per share. Equities research analysts forecast that Winnebago Industries will post 3.41 earnings per share for the current year.

Institutional Investors Weigh In On Winnebago Industries

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its stake in Winnebago Industries by 40.6% in the 4th 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in Winnebago Industries by 1,930.2% in the fourth quarter. BNP Paribas Financial Markets now owns 321,662 shares of the construction company’s stock valued at $15,369,000 after purchasing an additional 305,818 shares during the last quarter. Barclays PLC increased its position in shares of Winnebago Industries by 494.5% in the fourth quarter. Barclays PLC now owns 294,703 shares of the construction company’s stock valued at $14,081,000 after buying an additional 245,131 shares in the last quarter. Zweig DiMenna Associates LLC purchased a new position in shares of Winnebago Industries in the first quarter valued at $6,260,000. Finally, Renaissance Technologies LLC raised its stake in shares of Winnebago Industries by 204.8% during the 4th quarter. Renaissance Technologies LLC now owns 214,000 shares of the construction company’s stock worth $10,225,000 after buying an additional 143,800 shares during the last quarter.

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.