Winnebago Industries (NYSE:WGO) Downgraded to “Sell” at StockNews.com

Winnebago Industries (NYSE:WGO) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

WGO has been the topic of a number of other research reports. DA Davidson upped their target price on shares of Winnebago Industries from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Tuesday. Roth Mkm reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Winnebago Industries in a research note on Thursday, March 21st. Finally, Truist Financial cut their price objective on shares of Winnebago Industries from $74.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.80.

Winnebago Industries Trading Up 2.5 %

NYSE WGO traded up $1.77 during mid-day trading on Thursday, reaching $74.00. 597,649 shares of the stock were exchanged, compared to its average volume of 607,546. Winnebago Industries has a one year low of $54.70 and a one year high of $75.42. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.84 and a quick ratio of 1.52. The stock has a market cap of $2.17 billion, a P/E ratio of 22.16 and a beta of 1.71. The stock has a 50 day simple moving average of $67.90 and a 200-day simple moving average of $65.60.

Winnebago Industries (NYSE:WGO) last released its quarterly earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. The business had revenue of $703.60 million for the quarter, compared to analysts’ expectations of $692.63 million. Winnebago Industries had a net margin of 3.70% and a return on equity of 14.15%. On average, analysts anticipate that Winnebago Industries will post 5.36 EPS for the current year.

Insider Transactions at Winnebago Industries

In other news, SVP Christopher David West sold 13,564 shares of Winnebago Industries stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $69.08, for a total value of $937,001.12. Following the completion of the sale, the senior vice president now directly owns 26,309 shares in the company, valued at $1,817,425.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.75% of the company’s stock.

Institutional Trading of Winnebago Industries

Several large investors have recently added to or reduced their stakes in WGO. Quadrature Capital Ltd bought a new position in shares of Winnebago Industries in the fourth quarter worth approximately $704,000. Goldman Sachs Group Inc. raised its stake in Winnebago Industries by 10.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,660,866 shares of the construction company’s stock valued at $121,044,000 after purchasing an additional 161,987 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Winnebago Industries by 2.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,328 shares of the construction company’s stock valued at $1,555,000 after purchasing an additional 432 shares in the last quarter. Harbour Investments Inc. raised its stake in Winnebago Industries by 164.5% during the fourth quarter. Harbour Investments Inc. now owns 529 shares of the construction company’s stock valued at $39,000 after purchasing an additional 329 shares in the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Winnebago Industries in the fourth quarter valued at $93,000.

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.