Northcoast Research Downgrades Winnebago Industries (NYSE:WGO) to Neutral

Winnebago Industries (NYSE:WGO) was downgraded by stock analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday.

Several other research analysts also recently commented on the company. Weiss Ratings downgraded Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets lowered their price objective on Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Thursday, March 26th. Wall Street Zen cut Winnebago Industries from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Citigroup cut Winnebago Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $30.00 in a research report on Wednesday, May 27th. Finally, Truist Financial lowered their price objective on Winnebago Industries from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.70.

Winnebago Industries Stock Performance

Shares of NYSE WGO opened at $29.65 on Monday. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $31.50 and its two-hundred day moving average is $37.76. The company has a market cap of $838.23 million, a P/E ratio of 20.17 and a beta of 1.12. Winnebago Industries has a 12 month low of $27.64 and a 12 month high of $50.16.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings results on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $657.40 million for the quarter, compared to the consensus estimate of $628.00 million. Winnebago Industries had a return on equity of 4.99% and a net margin of 1.43%.The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. On average, equities analysts expect that Winnebago Industries will post 2.34 EPS for the current year.

Institutional Trading of Winnebago Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Winnebago Industries by 90.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 766 shares of the RV manufacturer’s stock valued at $26,000 after acquiring an additional 364 shares during the period. Clearstead Advisors LLC bought a new stake in Winnebago Industries in the fourth quarter valued at $35,000. Hantz Financial Services Inc. grew its position in Winnebago Industries by 825.4% in the third quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock valued at $40,000 after acquiring an additional 1,073 shares during the period. Public Employees Retirement System of Ohio grew its position in Winnebago Industries by 15.9% in the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock valued at $75,000 after acquiring an additional 309 shares during the period. Finally, State of Wyoming grew its position in Winnebago Industries by 151.4% in the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after acquiring an additional 2,051 shares during the period.

Winnebago Industries Company Profile

Winnebago Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and specialty vehicles, headquartered in Forest City, Iowa. Since its founding in 1958, the company has gained recognition for its motorhomes, travel trailers and fifth-wheel products under the Winnebago and Grand Design brands. Its portfolio also includes towable RVs, camper vans and commercial vehicles tailored for healthcare, government and mobile retail applications.

In addition to vehicle production, Winnebago Industries maintains an extensive dealer and service network across the United States and Canada, supplemented by parts distribution centers and customer support resources.