DA Davidson Reiterates Neutral Rating for Winnebago Industries (NYSE:WGO)

Winnebago Industries (NYSE:WGO)‘s stock had its “neutral” rating reaffirmed by stock analysts at DA Davidson in a report issued on Monday,Benzinga reports. They currently have a $35.00 target price on the RV manufacturer’s stock. DA Davidson’s price objective points to a potential upside of 18.51% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Citigroup cut shares of Winnebago Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $46.00 to $30.00 in a research report on Wednesday, May 27th. Griffin Securities set a $35.00 price objective on shares of Winnebago Industries in a research note on Monday. BMO Capital Markets lowered their target price on shares of Winnebago Industries from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Weiss Ratings cut shares of Winnebago Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen downgraded Winnebago Industries from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.70.

Winnebago Industries Trading Up 1.0%

NYSE:WGO traded up $0.29 during trading hours on Monday, hitting $29.53. 431,954 shares of the stock were exchanged, compared to its average volume of 632,145. The company has a market capitalization of $834.90 million, a P/E ratio of 20.10 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 2.30 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $30.68 and its two-hundred day moving average is $37.40. Winnebago Industries has a twelve month low of $27.29 and a twelve month high of $50.16.

Winnebago Industries (NYSE:WGO) last announced its quarterly earnings data on Wednesday, March 25th. The RV manufacturer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm 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 company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. On average, sell-side analysts anticipate that Winnebago Industries will post 2.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Winnebago Industries

Several hedge funds have recently bought and sold shares of WGO. Northwestern Mutual Wealth Management Co. grew its holdings 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 buying an additional 364 shares during the period. Clearstead Advisors LLC acquired a new stake in Winnebago Industries during the 4th quarter worth $35,000. Hantz Financial Services Inc. lifted its holdings in Winnebago Industries by 36.2% during the fourth quarter. Hantz Financial Services Inc. now owns 1,638 shares of the RV manufacturer’s stock worth $66,000 after acquiring an additional 435 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Winnebago Industries by 15.9% during the third quarter. Public Employees Retirement System of Ohio now owns 2,255 shares of the RV manufacturer’s stock worth $75,000 after acquiring an additional 309 shares in the last quarter. Finally, State of Wyoming grew its stake in Winnebago Industries by 151.4% in the second quarter. State of Wyoming now owns 3,406 shares of the RV manufacturer’s stock valued at $99,000 after acquiring an additional 2,051 shares during the period.

Winnebago Industries Company Profile

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.