Winnebago Industries Inc. (WGO) Sees Large Volume Increase Following Analyst Upgrade
Winnebago Industries Inc. (NYSE:WGO) shares saw unusually-strong trading volume on Tuesday after BMO Capital Markets raised their price target on the stock to $33.00. Approximately 452,425 shares changed hands during trading, a decline of 8% from the previous session’s volume of 490,114 shares.The stock last traded at $28.99 and had previously closed at $29.15.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Winnebago Industries from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, June 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 target price on shares of Winnebago Industries in a report on Saturday, June 25th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Winnebago Industries has a consensus rating of “Hold” and an average target price of $29.33.
Several hedge funds have recently modified their holdings of WGO. Mason Street Advisors LLC bought a new position in Winnebago Industries during the second quarter worth $120,000. Hussman Strategic Advisors Inc. bought a new position in Winnebago Industries during the second quarter worth $142,000. Legal & General Group Plc boosted its position in Winnebago Industries by 12.8% in the first quarter. Legal & General Group Plc now owns 7,582 shares of the company’s stock worth $171,000 after buying an additional 862 shares in the last quarter. Acrospire Investment Management LLC boosted its position in Winnebago Industries by 273.9% in the second quarter. Acrospire Investment Management LLC now owns 8,737 shares of the company’s stock worth $200,000 after buying an additional 6,400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Winnebago Industries by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,769 shares of the company’s stock worth $201,000 after buying an additional 4,144 shares in the last quarter. Institutional investors and hedge funds own 91.48% of the company’s stock.
The firm has a 50-day moving average price of $23.75 and a 200-day moving average price of $22.45. The company has a market capitalization of $769.95 million, a PE ratio of 17.56 and a beta of 2.11.
Winnebago Industries Company Profile
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company sells its products through independent dealers, primarily throughout the United States and Canada. It sells motor homes through independent dealers under the Winnebago, Itasca and Era brands names.
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