Winnebago Industries (NYSE:WGO) Earns Buy Rating from Analysts at Benchmark

Stock analysts at Benchmark assumed coverage on shares of Winnebago Industries (NYSE:WGO) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $75.00 price target on the construction company’s stock. Benchmark’s price objective points to a potential upside of 28.21% from the company’s current price.

Several other research analysts have also recently commented on WGO. Citigroup upped their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Robert W. Baird cut their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, June 21st. StockNews.com raised Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Roth Mkm cut their price objective on shares of Winnebago Industries from $70.00 to $59.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Finally, BMO Capital Markets decreased their target price on shares of Winnebago Industries from $80.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, June 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.57.

Winnebago Industries Trading Down 1.9 %

Shares of NYSE WGO opened at $58.50 on Thursday. Winnebago Industries has a 12-month low of $49.68 and a 12-month high of $75.42. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 22.59 and a beta of 1.66. The company has a current ratio of 2.45, a quick ratio of 1.35 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $57.70 and its 200 day simple moving average is $63.86.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, June 20th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.17). Winnebago Industries had a net margin of 2.84% and a return on equity of 11.31%. The company had revenue of $786.00 million during the quarter, compared to the consensus estimate of $798.26 million. During the same quarter in the previous year, the business posted $2.13 earnings per share. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. Equities research analysts expect that Winnebago Industries will post 4.19 EPS for the current year.

Institutional Trading of Winnebago Industries

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in shares of Winnebago Industries during the fourth quarter worth approximately $30,000. Principal Securities Inc. purchased a new stake in shares of Winnebago Industries during the fourth quarter worth $39,000. EntryPoint Capital LLC acquired a new stake in Winnebago Industries during the first quarter valued at $75,000. TFO Wealth Partners LLC grew its stake in Winnebago Industries by 33,433.3% in the fourth quarter. TFO Wealth Partners LLC now owns 2,012 shares of the construction company’s stock valued at $147,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in Winnebago Industries by 122.5% in the 1st quarter. Shell Asset Management Co. now owns 3,210 shares of the construction company’s stock worth $238,000 after purchasing an additional 1,767 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.