Truist Financial Cuts Winnebago Industries (NYSE:WGO) Price Target to $76.00

Winnebago Industries (NYSE:WGO) had its price objective lowered by equities research analysts at Truist Financial from $82.00 to $76.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. Truist Financial’s target price points to a potential upside of 27.03% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Roth Mkm restated a “neutral” rating and set a $70.00 target price on shares of Winnebago Industries in a research report on Thursday, March 21st. StockNews.com upgraded Winnebago Industries from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Finally, DA Davidson boosted their price target on Winnebago Industries from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, March 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Winnebago Industries has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Winnebago Industries Stock Performance

NYSE:WGO opened at $59.83 on Friday. The stock has a 50 day simple moving average of $65.23 and a 200 day simple moving average of $67.05. The stock has a market cap of $1.75 billion, a P/E ratio of 17.91 and a beta of 1.72. Winnebago Industries has a 1-year low of $54.71 and a 1-year high of $75.42. The company has a current ratio of 2.84, a quick ratio of 1.52 and a debt-to-equity ratio of 0.52.

Winnebago Industries (NYSE:WGO) last posted its earnings results on Thursday, March 21st. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Winnebago Industries had a return on equity of 14.15% and a net margin of 3.70%. The company had revenue of $703.60 million during the quarter, compared to the consensus estimate of $692.63 million. Research analysts anticipate that Winnebago Industries will post 5.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in WGO. Raymond James & Associates raised its position in Winnebago Industries by 3.2% during the third quarter. Raymond James & Associates now owns 27,612 shares of the construction company’s stock valued at $1,642,000 after purchasing an additional 863 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Winnebago Industries by 1.8% during the third quarter. Assenagon Asset Management S.A. now owns 29,732 shares of the construction company’s stock worth $1,768,000 after buying an additional 524 shares in the last quarter. Versor Investments LP acquired a new position in shares of Winnebago Industries during the third quarter worth $207,000. Illinois Municipal Retirement Fund acquired a new position in shares of Winnebago Industries during the third quarter worth $1,085,000. Finally, Quantbot Technologies LP increased its holdings in shares of Winnebago Industries by 934.7% during the third quarter. Quantbot Technologies LP now owns 18,439 shares of the construction company’s stock worth $1,096,000 after buying an additional 16,657 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.