Winnebago Industries (NYSE:WGO) Price Target Cut to $33.00 by Analysts at Citigroup

Winnebago Industries (NYSE:WGO) had its target price lowered by stock analysts at Citigroup from $37.00 to $33.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 12.79% from the company’s previous close.

A number of other research firms also recently issued reports on WGO. Benchmark dropped their target price on shares of Winnebago Industries from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Wall Street Zen downgraded shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 21st. KeyCorp dropped their target price on shares of Winnebago Industries from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Friday, June 6th. Truist Financial boosted their target price on shares of Winnebago Industries from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, BMO Capital Markets dropped their target price on shares of Winnebago Industries from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.33.

Winnebago Industries Stock Up 2.2%

Shares of NYSE WGO opened at $29.26 on Thursday. The company has a market capitalization of $820.13 million, a P/E ratio of -49.59 and a beta of 1.07. Winnebago Industries has a 52-week low of $28.00 and a 52-week high of $65.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.41. The company’s 50 day moving average price is $33.09 and its 200-day moving average price is $39.02.

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

Insider Buying and Selling at Winnebago Industries

In related news, Director Kevin E. Bryant bought 4,200 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were bought at an average price of $34.12 per share, for a total transaction of $143,304.00. Following the completion of the acquisition, the director now directly owns 13,755 shares of the company’s stock, valued at $469,320.60. This trade represents a 43.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.63% of the stock is currently owned by company insiders.

Institutional Trading of Winnebago Industries

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Winnebago Industries by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 2,181,874 shares of the construction company’s stock worth $104,250,000 after acquiring an additional 48,517 shares in the last quarter. First Trust Advisors LP grew its position 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 worth $78,540,000 after purchasing an additional 474,273 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Winnebago Industries by 11.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 698,647 shares of the construction company’s stock worth $24,075,000 after purchasing an additional 73,099 shares in the last quarter. Millennium Management LLC grew its position in Winnebago Industries by 1.6% in the 1st quarter. Millennium Management LLC now owns 580,256 shares of the construction company’s stock worth $19,996,000 after purchasing an additional 8,922 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Winnebago Industries by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 494,151 shares of the construction company’s stock worth $23,611,000 after purchasing an additional 10,202 shares in the last quarter.

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.