Winnebago Industries, Inc. (WGO) Downgraded by ValuEngine to “Buy”
ValuEngine lowered shares of Winnebago Industries, Inc. (NYSE:WGO) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning.
Several other research analysts have also commented on WGO. BMO Capital Markets reissued a market perform rating and set a $34.00 price objective (up previously from $29.00) on shares of Winnebago Industries in a report on Thursday, June 22nd. BidaskClub raised Winnebago Industries from a buy rating to a strong-buy rating in a report on Saturday, July 1st. Stifel Nicolaus started coverage on Winnebago Industries in a report on Thursday, July 6th. They set a buy rating and a $40.00 price objective for the company. Zacks Investment Research lowered Winnebago Industries from a hold rating to a sell rating in a report on Wednesday, August 30th. Finally, Robert W. Baird reissued a buy rating on shares of Winnebago Industries in a report on Thursday, September 28th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Winnebago Industries has an average rating of Buy and an average target price of $40.60.
Winnebago Industries (WGO) opened at 42.95 on Monday. Winnebago Industries has a 12-month low of $24.15 and a 12-month high of $46.85. The stock has a 50 day moving average of $39.06 and a 200-day moving average of $32.53. The company has a market cap of $1.36 billion, a PE ratio of 21.45 and a beta of 1.99.
A number of large investors have recently added to or reduced their stakes in WGO. Wells Fargo & Company MN lifted its position in Winnebago Industries by 160.8% in the 1st quarter. Wells Fargo & Company MN now owns 62,689 shares of the construction company’s stock worth $1,833,000 after buying an additional 38,654 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in Winnebago Industries by 8.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 38,792 shares of the construction company’s stock worth $1,133,000 after buying an additional 2,907 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Winnebago Industries by 26.8% in the 1st quarter. Bank of New York Mellon Corp now owns 628,231 shares of the construction company’s stock worth $18,378,000 after buying an additional 132,802 shares during the last quarter. Comerica Bank lifted its position in Winnebago Industries by 5.2% in the 1st quarter. Comerica Bank now owns 29,630 shares of the construction company’s stock worth $864,000 after buying an additional 1,465 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Winnebago Industries in the 1st quarter worth approximately $475,000. Institutional investors own 84.65% of the company’s stock.
About Winnebago Industries
Winnebago Industries, Inc is a manufacturer of recreation vehicles (RVs) used primarily in leisure travel and outdoor recreation activities. The Company designs, develops, manufactures and markets motorized and towable recreation products along with supporting products and services. Its other products manufactured by the Company consist of original equipment manufacturer (OEM) parts, including extruded aluminum and other component products for other manufacturers and commercial vehicles.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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