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

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

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

Winnebago Industries Stock Down 0.1%

Shares of Winnebago Industries stock opened at $29.65 on Monday. The firm has a market cap of $838.23 million, a price-to-earnings ratio of 20.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.30 and a quick ratio of 0.99. Winnebago Industries has a 52-week low of $27.64 and a 52-week high of $50.16. The stock has a 50-day simple moving average of $31.50 and a 200-day simple moving average of $37.76.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WGO. Northwestern Mutual Wealth Management Co. raised its stake in shares of Winnebago Industries by 90.5% in the 3rd 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 in the last quarter. Clearstead Advisors LLC bought a new position in Winnebago Industries in the 4th quarter worth approximately $35,000. Hantz Financial Services Inc. increased its position in Winnebago Industries by 825.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,203 shares of the RV manufacturer’s stock worth $40,000 after buying an additional 1,073 shares during the period. Public Employees Retirement System of Ohio increased its position in Winnebago Industries by 15.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after buying an additional 309 shares during the period. Finally, State of Wyoming increased its position in Winnebago Industries by 151.4% in the 2nd quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock worth $99,000 after buying an additional 2,051 shares during the period.

About Winnebago Industries

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.