Winnebago Industries (NYSE:WGO) Price Target Raised to $58.00 at Truist Financial

Winnebago Industries (NYSE:WGO) had its price objective hoisted by research analysts at Truist Financial from $56.00 to $58.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Truist Financial’s target price points to a potential upside of 30.49% from the company’s current price.

WGO has been the subject of a number of other research reports. KeyCorp raised shares of Winnebago Industries from a “sector weight” rating to an “overweight” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 8th. StockNews.com lowered shares of Winnebago Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Robert W. Baird reduced their price objective on shares of Winnebago Industries from $70.00 to $64.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. BMO Capital Markets decreased their target price on Winnebago Industries from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Northcoast Research raised Winnebago Industries from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

Winnebago Industries Trading Down 2.5 %

NYSE WGO opened at $44.45 on Monday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -67.35 and a beta of 1.62. The business has a 50 day moving average price of $49.94 and a 200-day moving average price of $55.29. Winnebago Industries has a 52 week low of $44.11 and a 52 week high of $74.10. The company has a quick ratio of 1.34, a current ratio of 2.58 and a debt-to-equity ratio of 0.51.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings results on Friday, December 20th. The construction company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.06 earnings per share. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. As a group, equities analysts expect that Winnebago Industries will post 3.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Winnebago Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in shares of Winnebago Industries in the third quarter valued at about $7,750,000. Vestcor Inc grew its holdings in Winnebago Industries by 105.6% in the third quarter. Vestcor Inc now owns 17,205 shares of the construction company’s stock valued at $1,000,000 after purchasing an additional 8,837 shares during the last quarter. Quantbot Technologies LP raised its position in Winnebago Industries by 94.5% during the third quarter. Quantbot Technologies LP now owns 64,291 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 31,242 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Winnebago Industries by 25.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 855,507 shares of the construction company’s stock valued at $49,714,000 after buying an additional 173,274 shares during the last quarter. Finally, Entropy Technologies LP lifted its holdings in Winnebago Industries by 89.2% in the 3rd quarter. Entropy Technologies LP now owns 18,659 shares of the construction company’s stock valued at $1,084,000 after purchasing an additional 8,796 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.